Skyler Technology, a constant boundary-mover in ultra-low latency market data solutions, has launched UltraVWAP, a real-time trade performance measurement product.
It addresses the critical need for ultra-fast and accurate measurement of trading performance, increasingly demanded by buy side clients.
UltraVWAP is built upon Skyler's recognised, state-of-the-art streaming framework. It provides firms with the ability to monitor trade execution performance as orders are being processed and adapt trading strategies or order distribution accordingly. UltraVWAP captures and stores trade data in-memory, providing instant VWAPs in a choice of continuous live stream or snapshot for a specific time window.
UltraVWAP fully supports real-time aggregated venue VWAPs across multiple venues. It has the flexibility to exclude particular trade types on each individual venue. It provides a centralised benchmark across the enterprise, and has the capacity to cope with trading volumes into the foreseeable future.
Commenting on the product launch, Rafah Hanna, Independent Market Data Principal states that "Trade Performance is growing to become an ever larger part of the firm's profits and margins, as many buy side firms are putting pressure on their Brokers for more accurate forms of measurement which could lead to more competitive pricing."
Mike Vieyra, CEO of Skyler, states "We are pleased to have been able to provide a fast response to what we determined earlier in the year as an important customer need. We are delighted with the customer response so far."