Theoriem, a Philadelphia-based multi-asset quantitative trading firm, is planning to launch in the next few weeks with the help of Xenomorph’s TimeScape data and analytics management platform.
According to Paul Roland, Theoriem’s managing principal, the firm will trade almost every type of security across a wide range of geographies. “We employ a scientific perspective and mathematical tools to measure market dynamics. Our trading model then responds and adapts to changes in market behaviour,” he told theTRADEnews.com.
Xenomorph’s TimeScape allows tick data to be loaded, filtered for statistical anomalies, sampled with missing rules, filtered again and fed to analysis functions.
To support its trading model, Theoriem needed a data platform with three specific capabilities. The firm’s initial priority was to ensure it could handle a vast array of tick data to enable its models to trade effectively in multiple and diverse markets. “It is a messy data set with a very large footprint, so getting it into a manageable, workable format was our first problem,” he said.
Secondly, Theoriem required a platform that could integrate its proprietary models and analytics. “We don’t use off-the-shelf models and analytics that are used in many quantitative analysis strategies,” said Roland. “Therefore, we needed a system that was extremely flexible, but that was user-friendly enough to allow us to manage it ourselves.”
Finally, Theoriem wanted a system capable of supporting real-time analytics. “Xenomorph’s TimeScape solved those three problems for us,” said Roland. “It has handled every challenge we have thrown at it, and the Xenomorph people have been incredibly helpful in getting us moving. I am confident that the Xenomorph system will be able to grow with us,” he added.