Enhancing enterprise data management efficiency for a global alternative investment manager
A global alternative investment fund manager combining directional and relative value trading strategies to generate uncorrelated returns. Investment, economics and quant specialists identify relative value investment opportunities that limit trading downsides and control risk.
Recognising its need for high quality data to support the data analytics and front office quant trading teams in the efficient execution of deterministic trading strategies, it wanted to establish a relationship with a proven track record in sourcing, standardisation and delivery of high high-quality futures and options reference data
Effectively managing the complexity of standardising and normalising data from multiple exchanges and then delivering this data seamlessly into its enterprise system requires specialist knowledge and expertise across a range of venue connectivity, data engineering and data formatting disciplines. Managing this activity in-house would be extremely costly and resource-heavy and with a higher risk of error and potential financial and reputational loss.
As a relatively new business, it was particularly keen to secure a cost-effective data solution.
Its decision to choose FOW over other vendors was influenced by the very high quality of our data and superior data standardisation and normalisation capabilities. Data quality and integrity was validated through rigorous test file sampling and testing. FOW data is used primarily by this client by its data analysts and front office quants to inform deterministic trading strategies for investor portfolios; as a hedge fund its own customers include high net worth individuals as well as companies.
The client shared specific asset classes and contracts of interest for sampling and database creation. Extensive testing and rigorous UAT ensured that FOW met the requirements and demands of this client’s HFT (high frequency trading) environment by working closely with our specialist data engineers.
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High quality data delivered seamlesslyData and feeds flex and adjust to add or remove data, giving the customer only the data it needs, rather than having to take a huge amount of data and extract and process smaller datasets themselves. -
Specialist data engineering experience and expertiseFor over 25 years, FOW’s specialist data and development teams have built up a significant knowledge base in futures and options reference data that is very difficult for firms to replicate and maintain in-house. Further, this level of specialist knowledge and customer service support is simply not available from major data vendors.
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Expert consultancy and advisory servicesSpecialist and continuing advisory services, proven development expertise and high-touch customer support are pivotal to FOW’s service delivery to this client.
Regulated multilateral trading platform needing to respond quickly to changing regulatory reporting obligations
