Fintech firm Velocimetrics predicts that 2019 will usher in developments in cloud and cryptocurrency exchanges, with operational resilience and compliance continuing to be major focal points for the financial services industry. For example, intra-day reporting of risk, liquidity and transactions are all driven by regulation and all require independent real-time monitoring.
Colwill said in a statement: “I think we’ll increasingly see hybrid cloud solutions being installed around some high-frequency trading (co-lo) exchanges as banks and venues see that this is a perfect complement to low-latency solutions. This will create some interesting challenges for performance, monitoring and visibility.”
He added: “An enormous number of new cryptocurrency exchanges have entered the market, and 2019 will show whether this goes boom or bust.”
Early in 2019 Velocimetrics will be focussing on web visualization, comprehensive trend analysis and further integration between business and infrastructure datasets and visualizations, while also ensuring that its Core Data Feed will support enhanced real-time consolidated data flow into big data analysis technologies.
Looking back at 2018, one of the situations highlighted by Velocimetrics’ CEO, Steve Colwill, had to do with a global bank client underwriting an IPO, which had problems with its pricing engine, causing millions of dollars of losses on that day. Velocimetrics’ technology helped identify the causes to rectify the situation.
In addition, ITRS Group, a provider of real-time monitoring, became a partner with Velocimetrics to independently track and analyze the performance of every quote, order, trade or payment traversing business-critical processes in real-time.