Big Data, Big Possibilities

Discussion in 'Announcements' started by TT News, Mar 24, 2020.

  1. TT News

    TT News Sponsor

    The following was originally published on Trading Technologies' Trade Talk blog.

    Big Data, Big Possibilities
    By: Craig Mohan, Chief Growth Officer


    Nobel Prize economist Robert Shiller said, “Some of the best theorizing comes after collecting data because then you become aware of another reality.” That is a pretty aspirational statement in our space, but it speaks to the omnipotence and limitless possibilities of data. At TT, we believe that data has the ability to inform, manage, protect, and ultimately drive decisions that could have profound impacts on our clients’ and users’ businesses. In this blog post, we introduce how you can unleash the power of data using some of the data elements that are available via the TT ecosystem.

    TT provides a range of data import, normalization, storage, access and analytics capabilities that can solve your enterprise-wide compliance and risk management challenges. With TT, you can import all of your company’s trade activity, no matter the source, use our tools to view and analyze in real-time or after the fact, and access that data indefinitely for compliance purposes.

    Here are a few of the components of TT Data Services.

    With Data Ingest, you can import all order activity across your firm to TT using FIX Inbound Drop Copy. The ingested data can come from exchange drop copy feeds provided by TT or from your own drop copy feeds that conform to our specifications. No matter what or how many platforms you use to execute across your firm, all execution reports are normalized and available on TT. Some of the benefits of our Data Ingest solution include:
    • Flexibility: Import all order activity across your entire enterprise–directly from an exchange drop copy or from your own feed that conforms to our FIX Inbound Drop Copy spec.
    • Normalization: Execution reports from all drop feeds are ingested via FIX Inbound Drop Copy and normalized on TT.
    • Storage: All data that is ingested and normalized is stored along with transactional data generated within TT.
    All data that is ingested via FIX Inbound Drop Copy is normalized and stored along with the transactional data generated within TT. Once your data is stored, you can access it for a variety of compliance and business intelligence needs. The benefits of Data Warehouse include:
    • Centralization: Store all of your firm’s trading records in a central and secure location where it is accessible for your various needs.
    • Flexibility: Choose between affordable and secure cloud storage, and even more affordable long-term archiving solutions.
    • Compliance: With all of your firm’s trade data stored in one place, you can easily comply with exchange and regulatory agency compliance requirements.
    Use our TT® Score surveillance solution and its machine learning capabilities to identify trading behavior that may prompt regulatory inquiries. TT Score compares your firm’s order activity, including data that has been ingested to TT, to patterns of high-risk activity from actual regulatory cases. It then scores all activity based on its similarity to known problematic behaviors, such as spoofing and marking the close. Key benefits of TT Score include:
    • Identify Risk: Detect potential high-risk activity using advanced pattern recognition and flag hidden threats well before disaster strikes.
    • Avoid Violations: Discover manipulative or disruptive activity before violations happen, preventing fines and enforcement investigations.
    • Optimize Operations: Streamline compliance and risk reviews by identifying, prioritizing and addressing higher-risk activity sooner and more efficiently.
    • Detect Anomalies: Find outlier events by understanding historical trends, environmental context and correlation within firm activity.
    Leverage transactional data across all of your trading platforms for true enterprise-level risk management. By ingesting all order activity from all execution platforms, you effectively have a consolidated order book and can use TT to get a complete picture of all of your firm’s orders, fills and positions. All external activity is then accounted for and included in all of TT’s sophisticated risk management capabilities, including:
    • Pre-trade Risk Checks: Set a multitude of order size, position and credit limits on accounts and users to manage risk across the firm.
    • Order Cross Prevention: Prevent order crossing and self matching to avoid regulatory violations and fines.
    • Price Controls: Configure price reasonability and other price controls to prevent traders and algos from submitting orders at undesirable prices potentially due to volatile and illiquid market conditions.
    • Portfolio Analysis: Leverage SPAN margin to more accurately assess account risk for an entire portfolio and use it as a pre-trade risk check.
    • APIs: Build your own risk management applications and integrate your own administrative systems using a variety of APIs.
    Today, we are helping clients manage their data for a variety of reasons, including compliance, risk management and analysis. To see how we can help you with your specific needs, please contact us.
    Last edited: Mar 25, 2020
  2. Perilace


    I don't understand how people still believe in this because such systems have no proofs and guarantees, in fact you give your money to no one and no one knows where. It's too embarrassing and you can't guarantee that your clients' money was all right. Why traders who have chosen forex as a way of earning, do not want to make an effort to get used to this business and learn to earn in this way, while in any situation understanding what is happening to your money and what the result will bring you in the future. I am in favor of investing money in my education, not in some questionable formats of passive income. Do not be lazy, and do not think that the market can be cheated or you can just get rich with a thousand dollars, of course... twice!
  3. TommyR


    exactly but having cheaply found the data don't do too much in terms of size
  4. IamaMars


    I think that such programs can definitely help traders to become more efficient and effective in the market, because with the help of such algorithms you can process much more information, i.e. it allows you to find much more profitable entry points so that you can earn... Here I would just like to clarify how these algorithms are formed, maybe it will help you to advance if you tell not only about the results that your system can bring, but also about how you form it. After all, each of us wants to believe not only in simple promises, but also to see how it all happens. Nobody wants to be cheated or invest money in some unverified format.