News

App Marketplace Gains Momentum with Risk Management Solutions Provider

In response to demands for unique tools, an open marketplace for third party and collaborative applications has been well received.

 

In conjunction with its 20th anniversary, TS Imagine, provider of real-time investment management solutions, launched the next generation of the TS Imagine Financial Platform (IFP) and App Marketplace.

TS Imagine says the hallmark of IFP has always been its flexibility for businesses to create their own custom views, built out on top of the TS Imagine platform. And with the App Market, customers and third parties are able to share the applications they’ve built for others to adopt and tweak.

“Firms face demand for transparency from investors, regulators, and management so we came up with a suite of tools which help them address those issues,” explains Lance Smith, CEO of TS Imagine. “All of our clients have taken that capability to augment the use of the system.”

Clients only have to run the apps in Java Script to gain access to TS Imagine’s database and analytics. “We’re excited,” adds TS Imagine CTO David Miller, “All of a sudden it’s unlocked the power of TS Imagine’s trading system, accessed through APIs, using their data and leveraging our analytics.”

He adds that it opens up a much broader market than just hedge funds and banks. “Some clients want to use their own models to see analysis of trading activity, or to measure the efficacy of day trading, or use it in ways we never dreamed. In fact we don’t have to think of it, we just give them the tools and they build the app.”

The Marketplace is populated by apps built by TS Imagine as well as third party providers, and by some clients willing to share their custom programs. “Things have changed from twenty years ago,” reflects Smith, “proprietary models are not always what give the leading edge.” Over one hundred applications are currently available in the new Marketplace with a couple more new apps coming in each week.

Visual Trends

Among the more popular applications on the Marketplace are those written to build regulatory reports and display dashboards on iPads and other mobile devices.

“The rate of visualizing data is an interesting trend we’ve seen,” notes Smith. One of the issues with all the computing power we have now is that it’s overwhelming. Heat maps have come up as a useful way of visualizing higher dimensional data; and colors are used to draw attention to areas we want to go into and find more details.

“It’s exciting to see other people use tools to create new things because you don’t always anticipate what somebody is going to build. It’s always surprising and interesting. It’s a new ecosystem, you just don’t know what’s going to evolve out of it.”

Becca Lipman is Senior Editor for Wall Street & Technology.

Read Full Article Here

Related News

The Dollar Milkshake Theory – Stress Testing the Potential Impact of a Sovereign Debt and Currency Crisis

Stress Tests play an important role in improving financial stability by enhancing market discipline and transparency.  Here we consider the third example of these stresses based on current market conditions and show how the risk factors can be generated along with their relevant shock examples.

November 28, 2022

Europe, Russia & Energy – Simulating the Market Impact of Price Caps and the Cost of War

Since the start of the war in Ukraine, Western nations have imposed sanctions on many Russian individuals, businesses and state-run enterprises. Stress Tests play an important role in improving financial stability by enhancing market discipline and transparency. 

November 21, 2022

Fire & Ice – Simulating Midterm Market Scenarios

Stress Tests play an important role in improving financial stability by enhancing market discipline and transparency. Clients leverage TS Imagine’s flexible and powerful risk engine to stress test a variety of specific scenarios.    With Americans set to commence voting early next week, markets around the globe are watching carefully. Will the midterms disrupt the Democratic legislative agenda or tip in their favor?  We ran two scenarios through our stress-testing engine, gaming the potential market impacts. Please note that these are hypothetical shocks and are not a prediction of any forthcoming events.   

November 7, 2022