Following client demand and industry regulation, investment firm Piper Jaffray said it selected Vhayu based on its ability to capture and analyze massive amounts of streaming and historical data, providing it with a high-speed, scalable platform to enable precise, overnight market analysis and enhance its trading programs.
In addition, Piper Jaffray said that the Velocity platform offers it advanced order book data analysis and storage capabilities, providing precise nightly snapshots of the market and enabling trading applications to achieve best execution with zero latency.
By deploying Vhayu Velocity as our market data analytics platform, we gain the ability to quickly replay the market, build and validate our statistical models, and analyze our trading performance, all within the same engine, said Charles Kennedy, managing director of Piper Jaffray.
