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OverviewThe equity derivatives trading floor within ING headquarters in Amsterdam required a system to manage the everyday storage and analysis of data. Xenomorph TimeScape technology was chosen over software from other vendors due to its high performance time series data storage, analysis functionality and integration with both internal and external data sources and pricing models. The briefThe equity derivatives team was manually storing time series static and market data and had developed decision support functionality in Excel. The trading and research team needed a fast, flexible enterprise-capable solution, which did not rely on a stand alone Excel environment for data management. 
"TimeScape has proven itself as a very stable and easy to use financial database." Hans Corsten, Trader, Equity Derivatives, ING. The solutionING selected TimeScape for equity derivatives, after evaluating a number of third party solutions and in-house options, due to its stability, and the speed and flexibility of its data collection, storage and analysis. TimeScape takes care of the complexities of data management leaving the equity derivatives team free to concentrate on the research and development of innovative trading strategies. |
The main instruments traded by the equity derivatives team are European equities and options in Euro markets. TimeScape stores a wide variety of data in all shapes and sizes in its XDB (Xenomorph high performance Database). Data from vendors is automatically captured and stored within the XDB and then analysis is performed on this data with tools developed using the TimeScape analytics. Xenomorph has helped ING build bespoke systems for the development and refinement of their dispersion trading and statistical arbitrage strategies. TimeScape's powerful basket analysis functionality is also utilised for this purpose. In addition, ING has built supplementary applications via Delphi programming to further assist the traders. 
"We are delighted that ING is taking advantage of TimeScape’s open architecture and that TimeScape is assisting ING to achieve the financial gains necessary for a bank of ING's stature. ING and Xenomorph have a long standing relationship, which we are confident will continue to grow through the collaborative approach adopted by both organisations." Matthew Skinner, Director, Xenomorph ING Group is a global financial institution of Dutch origin with 115,000 employees. ING offers banking, insurance and asset management to 60 million clients in 60 countries. The clients are individuals, families, small businesses, large corporations, institutions and governments. ING comprises a broad spectrum of prominent businesses that increasingly serve their clients under the ING brand. www.ing.com |
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