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Velocimetrics, the leading specialist in ‘in-stream’ financial transaction monitoring and analytics, has been named the ‘Electronic Trading Support Product of the Year’ at the 2020 Risk Markets Technology Awards, in acknowledgement of its VMX EndToEnd solution.
The Risk Markets Technology Awards run by risk.net are considered one of the most respected and prestigious awards in the risk, trading and investment technology markets and signifies a company which stands out in the Financial Technology marketplace. The successful winners are carefully chosen during a rigorous three-stage process overseen by the editors of risk.net, along with a panel of industry specialists, which includes technology users, analysts and members of the editorial team.
Velocimetrics won the ‘Electronic Trading Support Product of the Year’ category due to its ability to deliver real-time, maximum insight financial transaction monitoring and analytics. It has the ability to capture and process vast volumes of data with little to no impact on underlying systems for millions of transactions and billions of events daily. As an example, Velocimetrics currently monitors an enormous volume of trade data with up to 30 million events/day from over 250 data points with the capacity to handle much more. This significantly increases financial institutions’ ability to comply with regulatory requirements and predict potential operational issues, allowing firms to respond pro-actively. Without the fine-grained documentation and data lineage provided by Velocimetrics, clients are at risk of non-compliance as they cannot fully track, trace and analyse all the components of complex financial trade transactions.
Steve Colwill, the CEO of Velocimetrics, said “I am absolutely delighted that Velocimetrics has been selected. To have been named as the ‘Electronic Trading Support Product of the Year’ is a great achievement for us and recognises our ability to deliver an advanced product that is able to provide true enterprise-scale ‘in-stream’ financial transaction monitoring to support clients in minimising their regulatory and operational risks.”
Velocimetric VMX EndToEnd solution is a data collection and analysis tool with exceptionally powerful functionality, analytics engine and visualisation. It has a high throughput and impressive capacity, along with integrated business and network analytics. The newly announced v9.2 delivers even greater responsiveness and a more interactive experience, allowing the users to track data at all levels: from the highest, business level, through to network-level packet capture.
