Thesys Technologies: Mitigating Investment Risks with Valuable Data

Thesys Technologies: Mitigating Investment Risks with Valuable Data

CIO VendorMike Beller, Managing Partner
Data has always been present in the financial industry, but big data— and the accessibility and capability to harness, consolidate and analyze it—is just beginning to come into its own. With the explosion of electronic trading and its easy access to the public, data began multiplying exponentially and financial technical systems were scrambling to catch up. Thesys Technologies was founded in 2009 to address the need of electronic traders for high performing financial technology. “Being early innovators in the high performance electronic trading space, we embarked on a mission to make the data more accessible to electronic traders through trading APIs,” begins Mike Beller, Managing Partner of Thesys Technologies. Founded on cutting edge technologies and skill sets, over time, Thesys developed expertise in processing, data storage, complying with changing regulations, and risk management.

Building on its strength and capabilities, Thesys entered risk management for electronic trading with their risk check platform providing software that constrains the dangers of runaway trading algorithms. This required processing and storing millions of messages per second and ensuring every order on every venue was stored appropriately down to the smallest detail such as the time required for the message to transmit from the buyer to an exchange. “Taking a snapshot of the market at any given point becomes accessible,” says Beller. The team realized the value of providing big data simulations to their customers to create a snapshot of market conditions and “test” a trading strategy, which their customers had increasingly desired.

Customers wanted to test their trading strategies and analyze the “output” or results of the strategy and Thesys had the capability to create a test environment that was an exact replica of the market data based on a user defined “the day of” scenario from their customer. This became the Thesys Simulator. Originally developed at Tradeworx–the parent company of Thesys Technologies, its capabilities to create a “snapshot” of the market data and the trading strategy yielded very accurate results. “Today, the simulator also supports stronger auditing of changes impacted by new regulations and provides a tool to test strategies and their interactions with those regulations,” adds Andre Frank, Managing Partner of Thesys Technologies.

Andre Frank, Managing Partner
Operating as a very lean company, Thesys uses an agile approach allowing each employee to operate in multiple roles and encouraging the spirit of exploration in every activity. One reflection of their innovative approach is the integration of Development and Operations allowing Thesys to use—and thereby test—all the tools that are under development for their financial platform and their customers. This structure simultaneously creates an atmosphere of innovation that is integrated with their customer support. Trends in 2017 that are influencing Thesys’ roadmap and mission include artificial intelligence, machine learning and block chains.

The mission of Thesys Technologies now involves making high performance technology that impacts everyone in the financial services industry

Thesys is constantly exploring the newest and most promising technical advances of electronic trading to enhance their services and products. This requires a hefty commitment to keep up with the pace of change, but that commitment is paying off. Thesys has had several high-profile wins including the recent selection as the processor for the Consolidated Audit Trail (CAT) system—soon to be the world’s largest data repository for securities transactions.

With in-depth industry expertise, Thesys is designing its solutions for a wider audience in the financial industry. “Our initial set of customers was very technologically sophisticated. The mission of Thesys Technologies now involves making high performance technology that impacts everyone in the financial services industry,” concludes Beller.