ChartIQ, a fintech company that specializes in data visualization and charting software for the financial industry, today introduced Post-Trade Visualization, a software solution that delivers true order transparency.
Post-Trade Visualization enables financial firms to meet regulatory compliance requirements like Dodd-Frank and MiFID II by organizing the relevant data related to an order and visually mapping an order’s life cycle in one place.
With Post-Trade Visualization, traders, analysts, and compliance officers can reconstruct an order’s timeline in to one cohesive, visual model for a more efficient workflow, saving financial organizations significant time, money, and resources. 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 micro-second.
“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 of ChartIQ. “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 behavior of all aspects of order execution.”
Available now, Post-Trade Visualization is designed for today’s financial markets and includes capabilities for buy-side, sell-side, and solution providers to help them meet their regulatory standards in a fast and efficient manner. Advantages of using Post-Trade Visualization across the enterprise include:
• Traders: Delivers detailed behavior of the algorithmic execution of a trade in real-time by monitoring alerts, volume flows across liquidity pools, and published IOIs
• Solution providers: Presents clients with all relevant information that goes into making a trading decision by merging proprietary, market and third-party data to easily analyze order history
• Compliance officers: Integrates phone calls, chat histories, and emails into one cohesive visual timeline to ensure best execution
“There are a multitude of data streams necessary to tell the full story of a single order,” explains Eugene Sorenson, Vice President, Product Management for ChartIQ. “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 organizations do business.”