Today, Potamus Trading, a wholesale broker-dealer based in Boston, announced they have selected StreamBase LiveView as a key element of their infrastructure and trading operations. StreamBase LiveView will be used to analyze trading performance, operations and financial risk in real-time.
The 2010 Flash Crash, the more recent $440M loss by Knight Capital, and the inexorable rise in regulation and complexity in the electronic trading infrastructure make insight, control, and risk management capabilities increasingly important. StreamBase LiveView was created to address these rising demands in the capital markets, and today's selection by Potamus Trading is another example of why.
“As a broker-dealer in today’s market, it is important that we are also a partner, a reliable liquidity provider, an electronic trading advisor, and an expert on algorithmic execution,” said Eric Pritchett, CEO of Potamus Trading. StreamBase LiveView allows Potamus to incorporate real-time analytics into their trading infrastructure assessing trade performance during the day, while trading is live. LiveView is like a data warehouse, which provides interactive analysis, but the data is literally live - ad hoc queries are executed against live flow.
This live view of trading activity and LiveView's real-time ad-hoc query capabilities allow Potamus to respond quickly and help their broker-dealer customers optimize their executions.
This visibility, according to Potamus, also contributes to operational and financial risk management.
Potamus Trading's CEO Eric Pritchett discussed his view on the rising need for execution consulting services in this week's roundtable, moderated by Sang Lee, co-founder and managing director of AITE Group and included Bernard Donefer, Associate Director, Subotnick Financial Services Center, Baruch College, and Richard Tibbetts, CTO of StreamBase.