The London equity derivatives desk of a global investment bank needed a system to

• Analyse the historic correlation of equity baskets (including cross-currency and baskets of baskets)
• Re-use existing time series data in the bank's FAME/SiteServer databases
• Easily generate and store derived data such as correlation matrices and volatilities

After assessing many competing systems, the desk decided its needs could be fulfilled by using the speed and analytical functions of the Xenomorph systems in conjunction with the rich time-series data held within their FAME databases. Xenomorph, FAME and the client co-operated in the development of a Xenomorph XDK driver connection to FAME.

"FAME's users typically store large volumes of high quality market data in their FAME databases. Very often this data has been cleansed and filtered using both FAME and/or client systems."...

"Such high quality data is a valuable resource for any financial institution. FAME's enterprise database platform is designed to allow institutions to distribute this data throughout their organisation through a wide variety of tools and applications. We believe that FAME's broad coverage and high quality databases, coupled with Xenomorph's powerful and easy-to-use applications, are a compelling combination."
John Wallis, head of European sales, FAME

"The use of Xenomorph XDK opens up FAME databases to all the easy-to-use Xenomorph APIs. These expose the full power of the Xenomorph systems' information, data retrieval, analytical and basket functionality directly on FAME data without users needing to know the intricacies of the FAME CHLI or FAME database architectures. These are seamlessly encapsulated into the Xenomorph systems' overall infrastructure along with the Xenomorph Database (XDB) and other data sources to present a common view to users on all their data needs."
Mark Woodgate, director, Xenomorph