New AI-enabled tool launched to keep track of trades
16 January 2017 London
Image: Shutterstock
OTAS Technologies, a provider of artificial intelligence-powered trader intelligence and market analytics, has extended its Lingo natural language reporting technology with the launch of Intraday Lingo.
The new function pairs Lingo’s automated natural language capabilities with microstructure charts to document intraday moves both in real time and historically, and provides analysis for the full trade lifecycle.
Designed to offer additional insights to traders and compliance departments, Intraday Lingo provides an alert-driven timeline of events, building a narrative of the trading day. It also provides verification options, allowing for viewing entries more closely.
According to OTAS Technologies, it addresses best execution post-trade analysis requirements under MiFID II, tracking every decision made in a trade and providing a comprehensive audit trail.
Real-time alerts make traders more aware of risks, and both traders and risk officers can access reports and review trades in seconds.
Intraday Lingo also provides cost analysis metrics, including market dynamics throughout the trade lifecycle, helping traders to understand the environment surrounding the order, and to better understand out-of the-ordinary circumstances.
Tom Doris, CEO of OTAS Technologies, said: “In a rapidly changing regulatory environment, we are committed to helping our clients maximise efficiency while being compliant to new regulatory requirements.”
He added: “Today’s traders are already faced with an immense amount of data to sift through while making trading decisions. Traders make hundreds, if not thousands of trades daily, sometimes with only a fraction of a second to make those decisions.”
The new function pairs Lingo’s automated natural language capabilities with microstructure charts to document intraday moves both in real time and historically, and provides analysis for the full trade lifecycle.
Designed to offer additional insights to traders and compliance departments, Intraday Lingo provides an alert-driven timeline of events, building a narrative of the trading day. It also provides verification options, allowing for viewing entries more closely.
According to OTAS Technologies, it addresses best execution post-trade analysis requirements under MiFID II, tracking every decision made in a trade and providing a comprehensive audit trail.
Real-time alerts make traders more aware of risks, and both traders and risk officers can access reports and review trades in seconds.
Intraday Lingo also provides cost analysis metrics, including market dynamics throughout the trade lifecycle, helping traders to understand the environment surrounding the order, and to better understand out-of the-ordinary circumstances.
Tom Doris, CEO of OTAS Technologies, said: “In a rapidly changing regulatory environment, we are committed to helping our clients maximise efficiency while being compliant to new regulatory requirements.”
He added: “Today’s traders are already faced with an immense amount of data to sift through while making trading decisions. Traders make hundreds, if not thousands of trades daily, sometimes with only a fraction of a second to make those decisions.”
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