Global enterprise software company Sybase will target south Asian countries with its new IT

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platform for the capital markets. Sybase’s first-of-its-kind comprehensive framework will help brokerage firms and institutional buyers to track market changes in real time, leverage on timely opportunities and hence increase profits, a company official said.

“Trade volumes are rapidly growing to the order of 20 to 30 terra bytes a year. The numbers maybe comparatively lower in emerging economies but newer instruments and assets are being rapidly introduced. Choppy market conditions trigger more selling and eventual buying. The need to diligently evaluate historical data before making decisions then arises,” said Ashok Swaminathan, senior director, product management for capital market products, Sybase.

The company’s RAP platform integrates the IT systems of all stakeholders in a brokerage firm including quantitative analysts, traders, risk managers and compliance reporters. At present, all the teams work in silos and hence decision-making is not as fast as it should be, he added.

“Decision making becomes highly critical in volatile market conditions. The ‘quants team’ monitors live data streams, coders create algorithms based on them, traders make decisions accordingly and the risk management team evaluates the pros and cons. Every minute could make a difference in this process. RAP is a platform that creates a repository of all the data and processed information for all the users for simultaneous processing and evaluation,” he said.

The company has about two dozen customers for the product in the US since its launch last year.