Real-Time Profit & Loss
Speed is one of the defining characteristics of today’s markets. Vast amounts of market information from multiple sources stream in on a continuous basis, reducing the time available to act on emerging opportunities with confidence. As a result, everyone from clients to investment managers to risk managers want real-time information on holdings, positions, unrealized profit and loss, aggregated balances, and currency and sector exposure. Unfortunately, most of the technology used to determine position keeping and portfolio valuation doesn’t act in real time based on the latest market prices.
Sybase Event Stream Processor (ESP) is specifically designed with the understanding that today’s markets move too quickly to wait until end-of-day to know where you stand. While traditional portfolio valuation systems are implemented on top of a relational database, the volatility of market prices is beyond the capacity of a relational database to keep up. Sybase ESP provides an alternative approach, using a dataflow architecture that can continuously update positions and compute valuations using live market prices without breaking a sweat.
A Flexible Data Model that Spans all Asset Classes
Sybase’s high level modeling tools allow you to work at the level of business rules rather than coding your logic in C++ or Java. Existing proprietary pricing models can be invoked using Sybase’s interface for user defined functions. Rules can be used to determine which pricing model to apply to a given security.
Integrate Cleanly with Existing Systems
The flexibility of the Sybase data model allows all input data to be received in its native format, eliminating dependencies on modification to upstream systems. Similarly, output data can be produced in whatever format is required by downstream systems, again minimizing dependencies that can impede deployment. A range of available connectors from Sybase provide direct integration with most databases, message platforms, market data systems and include support for FIX.