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Operational Process Data Visualisation

Giving FX trading

a competitive edge

Clarifying complexity: making sense of 90 million rows of data

The FX trading division of a European Investment Bank was looking to enhance the efficiency of the operational processes supporting their business line. Their operational processes, like those of any financial institution, are challenged by a variety of factors. By leveraging visual representations of data, they were able to optimise their operational processes, increase efficiency, and gain a competitive edge in the dynamic FX trading environment.

Empowering FX Trading with actionable insights, timely decision-making, and enhanced risk management capabilities

To uncover operational efficiency opportunities, Calimere Point conducted a three-month data analysis with over 90 million rows. We used unconventional tools to make sense of this data and effectively conveyed the intricate operational processes to stakeholders, spanning from team leads to senior management.

Industry: Financial Services - Investment Banking

Challenges

Highly Complex Data Landscape

The end-to-end process flows for our client’s FX trading business were highly complex – multiple front office trade capture platforms, huge array of products traded, geographically diverse business, complex operational process landscape.

Communicating Complexity

How do you convert this complexity into a simple message which can be understood by all stakeholders across the organisation?

Managing Access Controls

How do you ensure only those with specific access can only see the information relevant to them? Designing a robust but flexible access model to the visualisation solution.

Identifying / Tracking Root Causes

Our data analytics approach identified root causes for operational process weaknesses, the data visualisation solution needed to provide a coherent way to track remediation exercises.

Data Solution

Clarifying Complexity

Calimere Point had conducted a data analysis exercise to gain insights into operational efficiency opportunities.

Three months’ of data saw datasets with more than 90 million rows. We had to use non traditional tools to bring clarity and insight into such data.

The complexity of the underlying operational processes needed to be clearly communicated to stakeholders from operational team leads up to senior management levels.

Designing the Optimal MIS Solution

The client already had data dashboards but they had become unwieldy and needed to be throttled back so they could run.

Calimere Point's combination of modern data analysis tools that then fed data visualisation software was a more efficient and manageable process.

The Dynamic Dashboard

The ability of modern dashboards to cut data across multiple dimensions simultaneously and hone into an area of interest helps to find the patterns across.

Heat maps allowed us to see the user groups, desks and timestamps where more issues occurred and then follow the chain up to the initial data fault.

Our “Hirst” diagram allowed us to easily identify calendar errors.

Histograms cut across different time stamps and trade types identified pathological time intervals.
Benefits

Enhancing FX Operations transparency

Distributing dashboards for unified performance insights

The distribution of the dashboarding to all stakeholders allowed all parties from across the FX operations hierarchy to have a common view of performance across the process flow.

Implementing an MIS significantly enhances operational efficiency, risk management, compliance, and decision-making capabilities. It empowers traders and management with timely and accurate information, ultimately contributing to the overall success of the business line.

Leveraging historical time series for senior stakeholders

Senior stakeholders could also track the effectiveness of process improvement spend by monitoring the historical time series and looking for improvements in the parts of the process remediated.

A single source of truth for granular historic performance tracking

This single source of truth allowed all stakeholders to track historic performance of operational process data in a highly granular manner.

Related Data Solutions

Calimere Point have helped our clients gain value from the data revolution.
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Peter Griffiths

Co-Founder & CEO
Peter is the co-founder and CEO of Calimere Point and has been with the firm since its inception in 2009. Prior to founding Calimere Point he spent the first 15 years of his career in Investment Banking, working within trading, structuring and risk management disciplines across a number of asset classes. Peter has a Masters in Finance from London Business School, a BSc in Economics and Finance from Oxford Brookes University and is a qualified accountant (CIMA qualification).

Dominique Nelson-Esch

Chief Marketing Officer

Dominique is a multi-disciplinary visual designer, communications and brand strategist, with a two-decade journey in collaborating with startups and SMEs. Her portfolio includes consulting for over 100 businesses globally, where she managed branding, design, and digital communications.

Dominique’s extensive background in financial services equips her with a nuanced understanding of our industry landscape, including 14 years in financial services, holding key roles such as Head of Portfolio Risk Audit and Niche Portfolio Management for major Insurers.

In her current role as Chief Marketing Officer (CMO) at Calimere Point, Dominique focuses on strategically positioning and promoting the firm. Her goal is to enhance brand awareness and establish market leadership through innovative marketing strategies that highlight Calimere Point’s expertise in delivering impactful data-driven solutions.