Brazil-based hedge fund Paineiras Investimentos has rolled out Xenomorph's data management system, TimeScape in an effort to improve risk management while accelerating time-to-market for new products and trading strategies.
Xenomorph says Paineiras chose its technology for data management and validation, risk management and back-testing after deciding to move away from an Excel-based system which had become time consuming and unwieldy.
TimeScape will streamline this process and offer Paineiras a system that can cope with daily innovation in trading process and asset classes supported, says the vendor.
TimeScape will make data analysis faster and more efficient as well as enable Paineiras to run customised back-testing and deal with complex processes such as volatility surface manipulation and interpolations.
Andre Portilho, Paineiras, says: "TimeScape allows us to run our trading operations far more efficiently - freeing up staff from time consuming data maintenance and allowing more time to be spent on formulating our trading ideas."