Press release: for immediate release
Paineiras accelerates trading with Xenomorph
TimeScape streamlines data processes at leading Brazil-based hedge fund
November 4th 2008
Paineiras Investimentos has chosen Xenomorph’s TimeScape data and analytics management system to accelerate their trading and risk management processes.
The Brazil-based hedge fund, which invests in a variety of assets and their derivatives, identified the need to move away from using an Excel-based solution for data management and validation, risk management and back-testing, which had become time-consuming, unwieldy and required substantial effort to operate and maintain. TimeScape was chosen to streamline this process, and offered Paineiras a system that coped well with daily innovation in trading process and asset classes supported. The vector database capabilities of TimeScape, enabling more tick data to be analysed in less time, and its flexible data model allowed complex data such as volatility surfaces to be handled with ease.
Andre Portilho at Paineiras Investimentos, said, “TimeScape allows us to run our trading operations far more efficiently – freeing up staff from time consuming data maintenance and allowing more time to be spent on formulating our trading ideas. We were impressed by the speed of implementation by Xenomorph – following a successful evaluation of TimeScape, the system was in production within one month. TimeScape offers a multi-asset capability that covers the full range of our data management and decision-support needs – an off-the-shelf system that has the flexibility and breadth to cope with our continuing need to innovate.”
TimeScape will increase efficiency and speed of data analysis as well as make it possible for Paineiras to run customised back-testing and deal with complex processes such as volatility surface manipulation and interpolations. Paineiras has made extensive use of TimeScape’s innovative “spreadsheet meets database” capability, enabling analytics and reports to be customised in line with the ever-changing daily needs of the business.
Naj Alavi, Managing Director of Xenomorph Inc. commented, “TimeScape ensures that new asset classes and trading ideas come to market faster than ever before for Paineiras, and with even more control. A cornerstone of delivering this value is the way in which TimeScape can be customised by the client to support new asset types and trading analytics, offering the flexibility of in-house development but without the cost or time to delivery. I am delighted that TimeScape is fast becoming a key part of the Paineiras infrastructure."
Notes to editors
About Xenomorph
Xenomorph delivers real-time analytics and data management solutions to the financial markets. Our TimeScape technology leverages our clients’ proprietary expertise, and in so doing enables faster time to market for new financial products, new risk techniques and new trading ideas.
Trading, research, risk, product control, IT and back-office staff use Xenomorph’s TimeScape cross-asset data management platform at investment banks, hedge funds and asset management institutions across the world’s main financial centres. Established in 1995, Xenomorph has offices in London and New York.
For more information on Xenomorph, our clients, services and solutions, please see www.xenomorph.com.
Xenomorph® and TimeScape™ are registered trademarks of Xenomorph Software Limited. Other product and company names herein may be trademarks of their respective owners.
For sales enquiries please contact:The Americas: ROW: |
For further press information and photography please contact:Lorna Hughes at LEWIS, the PR agency |