Fintech firm Beeks Analytics ( formerly Velocimetrics), the leading provider of business flow tracking and real-time, in-stream performance analytics, has enjoyed a very successful 2018. The company added to its team with strategic new hires across the business, was shortlisted in highly-influential awards, further bolstered its innovative product suite, announced a significant partnership and expanded its North American presence.
Steve Colwill, a representative of Beeks Analytics, said: “It’s been a very good year for us: we’ve seen our clients get impressive results from real-time operational resilience monitoring, and particularly from predictive analytics. A good example is a leading global bank client underwriting an IPO, which had problems with its pricing engine, causing millions of dollars of losses on that day. They used our technology to identify the causes, which quickly enabled them to rectify the situation.”
Colwill continued: “2019 will be an exciting year, especially with developments in cloud and crypto-currency exchanges, and of course with operational resilience and compliance continuing to be major focal points. I think we’ll increasingly see hybrid cloud solutions being installed around some high-frequency trading (co-lo) exchanges as banks and venues see that this is a perfect complement to low-latency solutions. This will create some interesting challenges for performance, monitoring and visibility.” He added: “An enormous number of new crypto-currency exchanges have entered the market, and 2019 will show whether this goes boom or bust!”
Among Velocimetrics’ predictions for 2019 is that while the burden of regulation is decreasing (in some areas), it is creating interesting opportunities for independent, real-time monitoring solutions. Intra-day reporting of risk, liquidity and transactions are all driven by regulation and all require independent real-time monitoring.
Earlier this year Velocimetrics announced v8.1 of its product suite, bringing improved functionality in several key areas, including: enhancements to the analytics engine and visualisation – resulting in a 20% boost in throughput, a doubling of capacity, and integrated business and network analytics, allowing business processing issues to be traced to the underlying technical infrastructure.
Early in 2019 Velocimetrics will be focussing on web visualisation, comprehensive trend analysis and further integration between business and infrastructure data sets and visualisations, while also ensuring that our Core Data Feed will support enhanced real-time consolidated data flow into big data analysis technologies. Our long term 2019 roadmap focusses on smart machine-assisted set-up and automated analysis of common use-cases, to further reduce time-to-value for existing and new customers.
The year saw Velocimetrics shortlisted in two major awards, the FOW International Awards and A-Team Group’s TradingTech Awards Europe, being named as a finalist in the ‘Best New Technology Product – Market Data’ and ‘Best Time-stamping/Latency Measurement System’ categories respectively.
ITRS Group, the leading provider of real-time monitoring, became a partner: the partnership enables ITRS customers to independently track and analyse the performance of every quote, order, trade or payment traversing business-critical processes in real-time, greatly improving operational resilience and providing actionable insights.
Velocimetrics made some key hires, including the appointments of Simon Forey, who now leads the Velocimetrics front-end development team; Ismail Dar, formerly of Algomi, who joined the QA team, and additions to the US office, including financial technology veteran Steve O’Brien.
