Meeting the Big-Data Challenge for Financial Firms in the Global Derivatives Market
TickSmith’s TickVault Platform has earned the fast-growing firm the inaugural Innovators Award from FIA. Walt Lukken, CEO of FIA, the world’s leading trade organization for the futures, options, and cleared swaps markets, presented the award to TickSmith CEO Francis Wenzel at the recent FIA Expo in Chicago.
Based on Hadoop technology, the TickVault platform comes as a complete solution. It can be added easily to existing Hadoop clusters. TickVault is also available as a service and delivered as an appliance that includes all hardware. Its powerful processing, analytic, normalization and transformation capabilities are ideal for financial firms that must accumulate, aggregate, analyze and disseminate large amounts of data from disparate sources.
“Financial institutions are looking at the exponential gains and competitive advantages that Hadoop and big-data technologies provide,” said Wenzel. “That’s especially true for firms that deal in financial derivatives, with their complex and fast-moving data flows.
“There are trillions of dollars’ worth of value in play and at risk every day in the derivatives market. We are honored to be recognized by FIA as a pioneer in the industry.”
“TickSmith was selected for the Innovators Award by a group of industry experts assembled by FIA,” said awards committee chairman Rob Creamer, FIA board member and chairman of FIA Principal Traders Group. “It’s a great way for our industry to recognize and promote innovation.”