Order and Liquidity Analysis

Large institutions, sell-side firms, and brokers receive, manage and execute a growing volume of orders from their clients each day. This presents a tremendous operational challenge for these firms as they try to best manage operational and execution costs while offering superior client service. The increased number of trading venues available for buy-side firms and high frequency traders creates a further sense of urgency for firms to offer the best service to clients.

It is imperative that brokers continuously analyze client order data. Brokers are financially responsible for the rogue trading behavior of their clients, as seen by the MF Global write down in 2005. Real-time trader and order flow analytics would have caught this problem in its infancy.

It is no longer feasible for firms to rely on end of day trading operations analysis. Coral8 customers are aggregating and analyzing order flow and execution as it is happening at a granular level, even in environments where hundreds-of-millions trades have been executed on a daily basis. This real-time information identifies trading trends and execution issues, increasing revenue and mitigating risk.

Coral8 enables firms to continually aggregate and analyze order and execution information to track:

• Client orders, order sizes, and value by client type and asset class
• Open client orders and the duration these orders have been opened by client type and asset class

This data is continuously aggregated across all of the required analytical dimensions by the Coral8 Server™ throughout the day, enabling operational and risk managers to perform dynamic queries on-demand.

Coral8 is scaling order analysis applications for its customers. Coral8 Engine™ is flexible, allowing aggregation dimensions to be rapidly changed and redeployed as needed. And, Coral8 Engine™'s query execution feature is dynamic, enabling new, on-demand queries to be executed along side with streaming queries. Overall, Coral8 Engine™ offers the most flexible client-side information access of any CEP engine.