ChartIQ, a fintech company that specialises in data and charting software, today introduced Post-Trade Visualization, a software solution that it says provides order transparency.
Post-Trade Visualization enables financial firms to meet regulatory compliance requirements like Dodd-Frank and MiFID II by organising the relevant data related to an order and visually mapping an order’s lifecycle in one place, the firm says.
With Post-Trade Visualization, traders, analysts and compliance officers can reconstruct an order’s timeline into one cohesive, visual model to make workflow more efficient by saving financial organisations time, money and resources, the firm adds. The product displays events such as client emails, chats and news in context with individual executions, order parameter changes, market movement and depth, and target benchmarks in real-time, giving traders a comprehensive view of any order down to the tick or microsecond.
“In the aftermath of the financial crisis, companies invested billions of dollars preparing for regulations like Dodd-Frank and MiFID II, which transformed the industry,” says Dan Schleifer, chief executive and co-founder. “The vast number of systems that go into the execution of an order result in mountains of data and very little actionable insight. By using Post-Trade Visualization, firms are armed with an intuitive solution that visually maps and accurately portrays the behaviour of all aspects of order execution.”
The software includes capabilities for buy and sell sides, as well as solution providers to help them meet their regulatory standards.
ChartIQ says the new release gives traders a detailed view on the behaviour of algorithmic execution of a trade in real-time by monitoring alerts, volume flows across liquidity pools and published IOIs. For solution providers, it presents clients with all relevant information that goes into making a trading decision by merging proprietary, market and third-party data to easily analyse order history. Meanwhile, it integrates phone calls, chat histories and emails into one cohesive visual timeline to ensure best execution for compliance officers.
“There are a multitude of data streams necessary to tell the full story of a single order,” explains Eugene Sorenson, vice president, product management. “Visualization shines a light into every detail that goes into the execution of an order, which is critical for traders who need to respond and adjust based on current market activity, and for compliance officers who require a complete picture of a trade lifecycle. Post-Trade Visualization combines our industry expertise and charting capabilities to transform how financial organisations do business.”