12 December 2017
visit www.solutions.lexisnexis.com

OTAS launches Intraday Lingo

16 January 2017  |  2665 views  |  0 Source: Otas

OTAS Technologies (OTAS), a specialist provider of market analytics and trader intelligence, today announced the launch of Intraday Lingo, an extension of its existing Lingo natural language reporting technology.

OTAS Intraday Lingo pairs Lingo’s automated natural language with their microstructure charts to provide a textual report identifying intraday moves and alerts, both in real-time and historically. The tool, providing analyses for the entire trade lifecycle from pre-trade, in-trade and post-trade, provides valuable insights to traders and compliance departments alike.

With Intraday Lingo, traders are presented with an alert-driven timeline of intraday events to build a narrative of what happened during the trading day with a verification option through clicking on each entry and inspecting the microstructure. This functionality focuses on assisting traders in managing regulatory, compliance and best execution obligations by essentially creating an audit trail and tracking every decision made during each trade. With real-time alerts, the software also assists the trader in capturing risk to act accordingly.

OTAS Intraday Lingo specifically addresses best execution post-trade analysis requirements relating to MiFID II. With this innovative solution to the MiFID II compliance problem, both traders and risk officers alike can quickly and easily access OTAS Intraday Lingo reports, which summarize important events from the trading day for a security. Additionally, OTAS Intraday Lingo provides standard TCA metrics and includes the context of the market dynamics over the life of the order, making it easier to understand the whole situation, including out of the ordinary occurrences.

“In a rapidly changing regulatory environment, we are committed to helping our clients maximize efficiency while being compliant to new regulatory requirements,” said Tom Doris, CEO of OTAS Technologies. “Today’s traders are already faced with an immense amount of data to sift through while making trading decisions. Traders make hundreds, if not thousands of trades daily, sometimes with only a fraction of a second to make those decisions.”

Having OTAS Intraday Lingo means that risk and compliance teams can review trades in a few seconds, rather than minutes or hours. Instead of needing to wade through tick data and fill logs, it can be read in a simple plain English report that captures all the important information. Traders can go back and recreate market conditions that day to show why those decisions were made for regulatory and compliance requirements. Intraday Lingo keeps OTAS clients ahead of the forthcoming regulatory mandates to ensure they can continue to trade at their best.

OTAS Intraday Lingo is already live for European and US Markets and will extend to Asia soon.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comvisit www.solutions.lexisnexis.comvisit www.aciworldwide.com

Who is commenting?

Top topics

Most viewed Most shared
Revolut lets customers buy Bitcoin, Litecoin and EthereumRevolut lets customers buy Bitcoin, Liteco...
18665 views comments | 26 tweets | 22 linkedin
Saxo Bank's 'Outrageous Prediction': Bitcoin to peak at $60k next year before spectacular crashSaxo Bank's 'Outrageous Prediction': Bitco...
11581 views comments | 7 tweets | 7 linkedin
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
8106 views comments | 15 tweets | 21 linkedin
Santander UK poaches Barclays innovation chief Michael HarteSantander UK poaches Barclays innovation c...
6866 views comments | 8 tweets | 17 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
6242 views comments | 19 tweets | 10 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job