46738 - Kuveyt Türk Transforming to a Market-making … · algoritmİc trading This document...

This document (including, without limitation, any product roadmap or statement of direction data) illustrates the planned testing, release and availability dates for TIBCO products and services. It is for informational purposes only and its contents are subject to change without notice.

© Copyright 2000-2016 TIBCO Software Inc. All rights reserved. TIBCO Confidential & Proprietary Information.

Abdulkerim Ozcan

ALGORITMİC TRADING



Agenda

1. 3 take- ways

2. Who we are

3. Why TIBCO StreamBase

4. Challenge and Benefits

5. Solution overview

6. Next Steps





3 take-aways

Banks refresh their data once in 50 millisecond (dowd to 20 millisecond in data time in market)Take data + process data + send data Less then 5 millisecond.

Speed

Streaming data can go up to 25 institutions in case of KuveyTurk

Real Time Big Data

Lemon you can write an algorithm who has an ability to respond to a volatile market in real time.

Complex algorithm development



Kuveyt Turk Interest Free Banking



Kuveyt Turk operates as a participation bank in Turkey. The company operates in five segments: Retail Banking; Small Business Banking; Commercial Banking; Corporate Banking; and Treasury, International, & Investment Banking.



Why StreamBase? The Challenge we faceContinuously Flexible and Emerging Market Conditions

Increasing requirements of price Providers

Increasing volume of data and transactions

Actual speed of transactions and prices Quality

Lack of standards in the industry





User friendly interface

Less code development

needed

CustomerSupport

Cost

We had 4 basic decision making point and two vendors to compare with each other. Oracle was the first option for us due to Kuveyturk history with the Company. We analyzed both companies with 4 matrix mentioned below.

Trades with finance background can develop complexapplications

Less code development needed

From beginning to the end we experienced excellent customer Support including problem solving and positive attitude

Customer Support

Easy set up options for non IT personnel

User friendly interface

Price of the product was far more competitive compared to other Vendors

Cost

Vendor consideration process





History with TIBCO• StreamBase is the first TIBCO product for KuveytTurk

• First step was to meet Streambase NY Office through recommendation by a Professional in Finance sector.

• Further steps proceeded with London Office

• Tibco provided educational seminar in Kuveytturk İstanbul Office





• Position Hedging

• Gold Arbitrage Trading

• Price Making through BIST

• FX Aggregation, Price Making

• Smart Order Routing

• Pricing and Analytics

• Algorithmic Trading

Goals





Liquorice chupa chups applicake

apple pie cupcake brownie bear

AlgorithmDevelopment

L A U N C H

35%



Test

L A U N C H

15%



Fix Connection

L A U N C H

35%



Framework development

L A U N C H

15%

Solution overview and architecture





• The transaction information is a standard communication method used for the transmission of electronic markets and investment institutions .

FIX “Financial Information Exchange”





Creation process of price Providers





Example Application







Algorithmic Trading

100%



Position Hedging

15%



Price Making BIST Gold Arbitrage

100%



FX Aggregation, Price Making

10%

The Project Resutls





$0

$1,000

$2,000

$3,000

$4,000

26/2 2/3 7/3 12/3 17/3 22/3 27/3 1/4 6/4 11/4 16/4 21/4

Cumulative Volume increase





Daily Volume



-

50

100

150

200

250

300

350

400

450

26/2 2/3 7/3 12/3 17/3 22/3 27/3 1/4 6/4 11/4 16/4 21/4



Next Steps

• CRM

• Risk (Pre-Trade & Post-Trade)

• Market Data Management

• Market Surveillance

• Transaction Cost Analysis





3 take-aways

Banks refresh their data once in 50 millisecond (dowd to 20 millisecond in data time in market)Take data + process data + send data Less then 5 millisecond.

Speed

Streaming data can go up to 25 institutions in case of KuveyTurk

Real Time Big Data

Lemon you can write an algorithm who has an ability to respond to a volatile market in real time.

Complex algorithm development



Reduce independency to IT this will you a room for not to ask IT department to allocate

budget and time

Back Testing you would like to test your systems with real time data

Recommentation



46738 - Kuveyt Türk Transforming to a Market-making … · algoritmİc trading This document...

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