ChartIQ: Visualizing Financial Data

ChartIQ: Visualizing Financial Data

CIO VendorDan Schleifer, CEO For Dan Schleifer, incorporating ChartIQ was an opportunity to streamline the trading industry that saw new data sets popping up everywhere with each passing day, while the tools to contextualize and analyze those data sets were missing or lagging behind in the trading arena. Schleifer knew his HTML5 charting engine could make a difference—as users can incorporate huge data sets, edit, and visualize according to demand and make a huge difference in the decision making process of traders. “Through our HTML5 charting engine, users can innovate around the visualization of financial data itself. Beyond just traditional financial charts and technical analysis, we give developers, analysts, and traders, the tools to visualize other data sets in context of market movement,” adds Schleifer.

With the constant change in the technology landscape, and regulatory and business environment, on the technical front, organizations are migrating towards HTML5 front ends, agile software development, and a more modern approach to user experience design. At the same time, the trading industry is moving ever faster towards electronification of trading, self-service tools for pre-trade and post-trade analytics, and a MiFID II regulatory framework–all of which is causing brokers to drastically change their business model. “The technology shift towards agile and HTML5 is making it easier for these firms to adapt,” says Schleifer.

ChartIQ is one of the pioneers in the industry who offer professional-grade charting and technical analysis solution that can be deployed on the web, mobile apps, inside legacy .NET, Java, and C++ applications. It allows firms to standardize on a single charting and technical analysis system across all use cases and deployment models. “Before ChartIQ, this simply wasn’t possible.


The market is finally ready for true trading terminals built in HTML5, and ChartIQ will continue to be instrumental in capital markets’ HTML5 revolution


Clients will often have a handful, if not more than a dozen, different technologies in place that they can replace with ChartIQ, which can produce substantial cost savings, and improve the lives of developers and traders alike,” adds Schleifer.

The core of ChartIQ’s vision for taking big data in capital markets and making it actionable through visualization, allows traders to execute their trades directly through the visual workflow in the Visual Trade Lifecycle. “It brings financial big data to life, from idea identification to opportunity analysis and through to trade execution,” states Schleifer. ChartIQ provides a range of visual tools and widgets for traders to identify trade ideas, use the charting tools to analyze each trade idea by contextualizing the data sets that matter to them along with the market data, and then use trade-from-chart to express their thesis as an actual trade. All of this is done in an integrated workflow that can be customized by the client, extended with proprietary functionality and data, and integrated with existing OMS, risk, and other core pre- and post-trade systems.

Redefining Charting

Though charting is a critical part of every trading platform, owing to its extremely complex component, few organizations have endeavored to venture into this arena and build it themselves. “It takes years of effort and millions of dollars. Our clients recognize that ChartIQ has culminated into a position where they’re better able to assist the clients by utilizing the available resources to the fullest,” explains Schleifer. “Our competitors in the charting technology space haven’t been able to master the critical dual focus: the features the end trader needs, and the flexibility and robustness required by developers.

”Though numerous firms in the market have built good HTML5 charting tools, they have only addressed the end trader, without building the architecture, APIs, documentation, and developer support needed by development teams. “We offer a complete product for development teams to service their end users,” adds Schleifer.

Schleifer draws attention to the sheer magnitude of legacy technology and infrastructure that tends to slow down firms’ ability to innovate and move to new technology. “For us, it’s critical to develop solutions that can be used in the latest, greatest web stack frameworks and can be deployed inside legacy systems also,” he adds. “This allows banks to slowly modernize their legacy systems from the inside out, and ease the migration path to newer technologies.” The company assists financial firms in building new projects on the new stack; while updating the old projects, piece by piece.

The company has been developing wrappers and adapters to make their technology interoperable and partnering with organizations like OpenFin—a secure HTML5 container for the financial industry who build interoperability layers— to bridge the old and new to create more enhanced and unique solutions for customers worldwide.

ChartIQ has recently released a brand new Symphony integration that allows sell-side and buy-side firms to use their charting right inside of the Symphony messaging application. Clients can not only use it for technical analysis, but layer in their own proprietary data or trade history and then send fully interactive charts across the Symphony network to colleagues and clients. The sell-side firms can also send charts with proprietary research and trade ideas in an engaging, interactive format. This allows their clients to not only manipulate the chart and do their own analysis, but also execute a trade directly from the chart.

“We’re working on some really exceptional tools to help our customers quickly build HTML5 desktop trading and market data terminals on top of numerous platforms. I can say the market is finally ready for true trading terminals built in HTML5, and ChartIQ will continue to be instrumental in capital markets’ HTML5 revolution,” concludes Schleifer.

ChartIQ News

ChartIQ to Rebrand as Cosaic, Sees Bright Future in Workflow Innovation

Charlottesville, VA – Financial technology company ChartIQ, today unveiled a new company name and logo, Cosaic, bringing together its charting software, ChartIQ, and smart desktop platform, Finsemble, under one brand. The name reflects the company vision of client collaboration and problem-solving, while solidifying its reputation as a workflow solution provider.

Dan Schleifer, CEO and co-founder said, “As a multi-product company, and as the excitement about smart desktop technology and desktop interop continues to grow, we realize we have become much more than a charting company. We felt a rebrand is in order to reflect our commitment to inventing new and efficient ways to work.”

The company’s flagship product, Finsemble, and world-renowned charting solution, ChartIQ, will be housed together under the Cosaic umbrella and include a comprehensive set of technologies that promote application interoperability and create effective, action-oriented workflows.

“For almost a decade we’ve championed the use of web technology to improve user experience, efficiency, and effectiveness across capital markets,” adds Schleifer. “In the future, Cosaic will offer an even broader set of technologies to address workflow across our clients’ operations.”

To help Cosaic achieve its mission, Eugene Sorenson will now serve as Chief Product Officer. His decades of experience, from managing product strategy for foundational applications (including charts and graphics) to spearheading Bloomberg LaunchPad, gives him unparalleled expertise in both financial charting and desktop interoperability. With his guidance, Cosaic plans to double down its efforts to drive business growth and product innovation.

“In the future, we’ll see much more collaboration occurring in fintech, with more open-source projects and the adoption of FDC3 standards,” commented Sorenson. “We’ll see application providers focused on interoperability as the de facto standard because we can no longer work in disparate workspaces. Cosaic brings together best-in-breed applications allowing clients to build smart desktop solutions for their end users. We help our clients focus on their core competencies, not re-engineering and integrating their applications. Cosaic is here to lead thecharge.”

The company will continue to operate its global offices in New York, London, and Hong Kong, with headquarters in Charlottesville, Virginia. To learn more about Cosaic, visit www.cosaic.io.