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Operational Process Improvement

Reputation.

Trust.

A higher STP rate.

Revolutionising Data Analysis: taming massive FX Data sets for a global market leader

One of the largest and most efficient FX trading businesses wanted more: to improve its market leading 98.5% STP rate. Beneficial to improving the STP rate is also cost savings and positioning the business for growth in the dynamic and fast-paced FX market.

Industry: Financial Services - Investment Banking

Challenges

Massive FX Data Sets

As a market leading global FX businesses, the data set was large.Three months of data generated a 90+ mm row file from a single system, with several others of 20+ mm.

Trade Data Integration Maze

Multiple trade versions, not all of which would be present in all systems; trade IDs that could be amended and multiple aggregation levels added further complexity in a tens of millions of rows data set.

Data Complexity

Overcoming data complexity and size constraints in existing infrastructure: the client had an existing data analysis infrastructure but its functionality had to be throttled back due to the data’s complexity and size.

Data Solution

Designing the analytical approach

Calimere Point’s data analytics tooling allowed us to connect disparate data sources to clean and tag data and easily join across and between aggregation levels.

No data warehouse. No data model required. Or functional specification. Or detailed BRD.
We also used modern data visualisation tools to help the data analysis and data story.

Uncovering trade exception causes through data-backed analysis of 95 million rows

As the FX trading firm was already at the leading edge of efficiency, so benchmarking, extrapolation or work on sample data would have been inadequate.

Any conclusions had to be explicitly backed up by real data as unambiguous proof of the root cause: which events in 95 mm rows led to the trade exceptions?

We looked at the exceptions and, following the data, recreated the chain(s) of events and business rules to find the patterns across the systems.

 

Benefits

Data analytics value creation: 20+ headcount reduction from efficiency gains

Game-Changing Insights: Client's Senior Management unlocks new business perspectives

Our client’s senior management was provided a view of their business which they had not seen before. It allowed them to adjust the operational model to reduce cost and improve process efficiency.

Implementing a Production-Ready Data Model

The resulting data model could be implemented in production and run on an automated basis, with alerts based on business rules to detect upstream exception causing events.

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.