Press release: for immediate release
Xenomorph TimeScape accelerates back-testing process for Sigma Capital Trading
New York, 18 May 2011
Sigma Capital Trading, the Canadian proprietary trading firm focused on the development of futures and options spread strategies, has implemented Xenomorph TimeScape analytics and data management solution to streamline its back-testing process.
Sigma needed a fast and efficient data management solution, capable of handling a variety of time series data whilst providing a centralized approach to the management of analytics, previously done in Excel.
To minimise this manual and time-consuming process, Xenomorph and Sigma worked together on an R&D basis to develop the TimeScape Spreads Application. Thanks to its intuitive Graphical User Interface, Xenomorph's TimeScape Spreads Application allows Sigma to import and store futures and options data locally in TimeScape and retrieve it at any point in time quickly and effortlessly. Moreover, the centralised and dynamic management of the analytics within TimeScape significantly reduced the time required to calculate the Term Structure and eliminates potential operational errors arising from manual manipulation of data.
"The implementation went smoothly and the service level was exceptional with Xenomorph undertaking the necessary modifications to deliver the system we were looking for", says Remy Belanger, Partner, Sigma Capital Trading. "We can now do in 5 minutes what used to take weeks", he adds.
"The implementation at Sigma is another great example of how TimeScape’s flexible data model and its underlying architecture can be put to innovative use to address real-world problems efficiently and on schedule", concludes Naj Alavi, Managing Director, Xenomorph Inc.
Notes to editors
Xenomorph delivers analytics and data management (ADM) solutions to the financial markets. Our TimeScape technology enables our clients to manage and analyse more data with greater control and transparency. Through unified and transparent access to data and data analysis, our clients achieve even higher levels of financial innovation, business process efficiency and regulatory compliance.
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.
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