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TIBCO StreamBase from TIBCO Software
Event processing platform used for building high-frequency trading and statistical arbitrage applications. Includes real-time analytics, pattern recognition, complex event processing, and integration with market data feeds for algorithmic trading strategies.
Product analysis by function
Statistical Arbitrage Platforms for Market Making/Proprietary Trading
Quantitative systems identifying and exploiting price discrepancies between related securities through mathematical models and high-speed execution.
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Core Trading Algorithms
(9 Yes /9 Known /10 Possible features)
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Multi-Asset Support Ability to operate on equities, options, futures, FX, and other asset classes. |
TIBCO StreamBase advertises multi-asset event stream processing and can be integrated for equities, FX, futures, etc. | |
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Mean Reversion Models Incorporation of mean reversion strategies in model library. |
Documentation and customer use-cases refer to mean reversion and other quant models being supported on the platform. | |
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Pairs and Basket Trading Support Allows formation and trading of pairs or baskets to exploit relative price movements. |
Pairs/basket trading logic can be constructed given StreamBase’s real-time analytics and event-driven programming. | |
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Cointegration Testing Built-in functions for statistical testing of cointegrated securities. |
Statistical testing (cointegration, correlations, etc.) can be implemented as native event processing or with embedded libraries. | |
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Automated Signal Generation Automatic generation of buy/sell signals based on pre-set mathematical criteria. |
Automated signal generation is a core described use-case of the platform. | |
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Custom Model Implementation Ability to create and integrate custom mathematical/statistical models. |
StreamBase is designed for custom logic and model integration in Java, Python, R, or visual event flows. | |
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Alpha Factor Library Library of pre-built alphas for immediate deployment and testing. |
. | No information available |
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Backtesting Framework Integrated environment to test models on historical data. |
Backtesting can be accomplished with historical replay and simulation features. | |
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Parameter Optimization Tools Automated tools for hyperparameter and meta-parameter optimization. |
Parameter optimization is supported indirectly through integration with analytics libraries and external workflows. | |
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Real-Time Portfolio Analytics Instant calculation of P&L, exposures, and risk metrics. |
Platform provides real-time analytics of portfolio state, P&L, exposures, etc. |
Execution Infrastructure
(7 Yes /7 Known /10 Possible features)
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Low Latency Order Routing Milliseconds or microseconds order delivery to the exchange or liquidity provider. |
No information available | |
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Smart Order Routing Intelligent splitting and routing of orders for optimal fills across venues. |
Smart order routing logic can be developed as event processing modules. | |
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Direct Market Access (DMA) Direct connectivity to exchanges for faster order processing. |
Integration guides describe direct market access to trading venues via adapters. | |
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Colocation Support Physical operation near exchange data centers for minimal transmission times. |
TIBCO StreamBase is often deployed in datacenter colocation for clients in HFT/stat arb. | |
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Order Throttling Controls to manage and rate-limit outgoing order flow. |
Order throttling modules are commonly implemented for circuit breaking and regulatory compliance. | |
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Order Types Supported Diversity in supported order types: limit, market, IOC, FOK, pegged, etc. |
No information available | |
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Transactional Resiliency Ability to recover from failed orders or system outages without loss. |
Fault tolerance and state management allow for transactional resiliency. | |
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Trade Capacity Maximum number of trades per second platform can sustain. |
No information available | |
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Atomic Order Management Ensures atomicity and consistency in order books and trade records. |
Atomicity can be engineered via StreamBase’s event-driven transactional architecture. | |
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FIX API Support Support for Financial Information eXchange (FIX) protocol for streamlined communication. |
FIX protocol support through adapters is well-documented. |
Data Integration & Management
(6 Yes /6 Known /10 Possible features)
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Real-Time Market Data Feed Access to live ticker, order book, and trade data from exchanges. |
Integration of real-time market data feeds is a highlighted StreamBase feature. | |
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Historical Tick Data Repository and retrieval tools for historical high-frequency data. |
Tick data storage and processing available through integration to data repositories and connectors. | |
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Alternative Data Integration Support for third-party or alternative data sets (news, sentiment, etc.). |
Supports integration of alternative datasets such as news, sentiment, economic feeds by custom adapter. | |
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Low Latency Data Processing Processing delay for ingesting live data streams. |
No information available | |
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Order Book Depth Storage Depth of market (DOM) levels that can be stored and analyzed. |
No information available | |
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Reference Data Synchronization Automatic updates and reconciliations of reference/metadata. |
StreamBase can synchronize and reconcile reference data by integrating external data feeds. | |
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Corporate Actions Handling Automatic processing and adjustment for splits, dividends, etc. |
Corporate action logic (splits, dividends) can be implemented as event processing. | |
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Data Quality Controls Built-in mechanisms for cleansing and validating incoming data. |
TIBCO documents built-in and extensible data quality and validation modules. | |
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Data Latency Average time to access/use new market data. |
No information available | |
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Time Synchronization Precision of time alignment across all system components. |
No information available |
Risk Management
(9 Yes /9 Known /10 Possible features)
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Pre-Trade Risk Checks Verification of margins, limits, and compliance before trade execution. |
Pre-trade risk modules are described in trading solution templates. | |
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Post-Trade Risk Analytics Computation and reporting of risk metrics after each transaction. |
Post-trade analytics can be developed and deployed via application logic. | |
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Position Limits Customizable maximum position exposure per security/portfolio. |
No information available | |
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Real-Time VaR Calculation On-the-fly Value at Risk calculation based on current holdings. |
VaR and real-time risk modules can be deployed in the analytics layer. | |
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Stress Testing Simulated extreme scenarios to test platform resilience. |
Stress tests (scenario analysis) can be run in-stream or as batch analytics. | |
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Order Size Controls Restrictions to maximum/minimum size of individual orders. |
Individual order size limits can be defined as pre/post-trade checks. | |
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Automated Kill Switches Automated halting of trading based on predefined risk metrics triggers. |
Automated kill switches can be coded as event-based triggers. | |
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Real-Time Exposure Monitoring Dynamic calculation of net/gross exposures by asset/market. |
Exposure monitoring can be implemented using the real-time state engine. | |
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Credit Controls Limits on exposure to counterparties and trading venues. |
Credit exposure controls are part of the risk workflow capabilities. | |
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Intraday Margin Monitoring Continuous tracking of collateral requirements and intraday margin calls. |
Intraday margin monitoring and alerts can be implemented by integrating to clearing data. |
Strategy Development Environment
(6 Yes /6 Known /10 Possible features)
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Integrated Development Environment (IDE) Built-in code editors, debugging tools, and version control for strategy development. |
No information available | |
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Scripting Language Support Support for Python, C++, R, or proprietary scripting for model creation. |
Custom scripting supported via Java, Python, R, and graphical flow editors. | |
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Simulated Trading Environment Ability to run strategies in a risk-free sandbox environment using live or historical data. |
Simulation and sandboxes can be created using replay features and test data. | |
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Hot Swap Deployment Instant strategy deployment without bringing down the trading engine. |
Hot swap and zero-downtime deployment are supported in clustered deployments. | |
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Version Control Integration Tracking and roll-back of strategy code for audit and collaboration. |
Version control integration with Git/SVN is supported for application artifacts. | |
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Automated Regression Testing Automatic running of test cases for new model changes. |
No information available | |
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Parameter Sweeping Tools Automated exploration of parameter spaces to optimize strategy performance. |
No information available | |
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Logging and Diagnostics Detailed logs for debugging and analysis of strategy behavior. |
Detailed logging and diagnostics is fundamental to the platform. | |
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Code Auditing Automated/static checks on strategy code for known issues or infractions. |
No information available | |
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API for External Libraries Ability to integrate and call third-party mathematical/statistical libraries. |
APIs available for invoking external libraries and services in-stream. |
Portfolio and Position Management
(10 Yes /10 Known /10 Possible features)
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Real-Time Position Tracking Up-to-the-millisecond updates on all open and closed positions. |
Real-time position tracking is implementable via event logs/stateful computation. | |
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Portfolio Rebalancing Automatic adjustment of positions to maintain target allocations. |
Portfolio rebalancing logic can be modeled and deployed as automated agents. | |
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Multi-Account Support Manage portfolios and strategies across several brokerage or proprietary accounts. |
StreamBase can be configured to manage across multiple account objects. | |
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Intraday and End-of-Day Reports Customizable reporting on performance, P&L, and risk. |
Customizable report generation (intraday/EOD) can be implemented as part of the dataflow. | |
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Cash Management Tools Forecasting and allocation of capital across portfolios and strategies. |
Cash management routines can be implemented with event rules and analytics. | |
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Automated Reconciliation Automatic reconciling of internal books with clearing and prime brokers. |
Automated reconciliation is possible through integration with external settlement/clearing feeds. | |
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Manual Trade Adjustments Facility for operators to manually adjust erroneous trades or positions. |
Manual trade adjustment features are typically implemented for operations teams. | |
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Cross-Currency Portfolio Valuation Real-time valuation of international/multicurrency portfolios. |
Real-time multi-currency valuation is supported with FX rates integration. | |
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Leverage Monitoring Track and WARN on portfolio leverage limits. |
Leverage monitoring is implemented in platform solutions for risk. | |
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P&L Attribution Breakdown of profit/loss by strategy, security, or risk factor. |
P&L attribution by source/strategy is available via user-defined metrics. |
Connectivity and API Integration
(8 Yes /8 Known /10 Possible features)
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Broker API Support Direct interface for major broker API integration (IB, FIX, REST, Websocket, etc). |
Broker APIs (FIX, REST, websockets, IB, etc.) can be integrated. | |
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Exchange Integration Native connectivity or adapters for all major exchanges. |
Exchange integration via adapters is described in documentation (various major exchanges). | |
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Webhooks for Event Handling Outgoing notifications for key events/triggers via webhooks. |
No information available | |
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Custom Plug-in Support Ability to extend platform via custom plug-ins or adapters. |
Platform extensibility enables custom plug-in support for new connectors. | |
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OMS/EMS Integration Seamless integration with Order/Execution Management Systems. |
OMS/EMS integration can be achieved using event adapters and APIs. | |
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Authentication & API Key Management Robust handling for secure external connection management. |
Authentication for API access is supported; key management can be custom or integrated with enterprise IAM. | |
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API Rate Limits Monitoring Track and report on approach to broker/API rate limits. |
API/broker rate limit tracking is implemented in client solutions. | |
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Automated Failover Automatic rerouting to backup connections on failure. |
Automated failover is a feature in clustered or HA deployments. | |
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Streaming and REST Data Feed APIs Both streaming and request/response data feeds supported. |
Supports both streaming and RESTful data access APIs. | |
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Custom Order Routing Rules Ability to set up rules for choosing routing paths for orders based on flexible conditions. |
No information available |
Monitoring and Alerting
(10 Yes /10 Known /10 Possible features)
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Real-Time Strategy Performance Dashboard Live display of key strategy KPIs, statistics, and charts. |
Performance dashboards can be constructed with integrated visualization components. | |
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System Health Monitoring Automatic tracking and reporting of component/system health. |
System monitoring and health/status monitoring are described in the operations documentation. | |
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Custom Alert Thresholds User-defined triggers for alerts on performance, latency, or errors. |
Custom alerting thresholds can be defined in the event processing layer. | |
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Trade Execution Monitoring Live tracking and reporting on trades, fills, and order status. |
Trade execution and fill monitoring is a common use-case. | |
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Latency Monitoring Tracking and alerting on order/data processing latencies. |
Latency monitoring and alerting is a built-in feature. | |
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Connectivity Alerts Instant notification for connection losses or route failures. |
Connectivity alerting is supported. | |
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Audit Trail Logging Complete record of system and user actions/events for review. |
Audit and event trail logging are available for compliance review. | |
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External Alert Integrations Integration with SMS, email, Slack, or incident response tools. |
External alert integrations (emails, incident systems) can be set up in the notification subsystem. | |
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Operator Dashboard A dedicated real-time dashboard for NOC or ops team. |
Dedicated dashboards for operators can be custom-built for NOC/Ops. | |
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Automated Remediation Actions Pre-defined automated actions on alert trigger (e.g., halt trading, rebalance, notify ops). |
Automated remediation (halt trading, notify, etc) is configurable within the system. |
Compliance and Audit
(8 Yes /8 Known /10 Possible features)
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Trade Surveillance Automatic monitoring for potential market abuse or manipulative practices. |
No information available | |
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Audit Logging Immutable logs of all trading activity, user access, model changes. |
Immutable logs can be stored for compliance, as required under MiFID, etc. | |
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Regulatory Reporting Interfaces Automated export/formatting for MiFID, Dodd-Frank, CAT, or equivalent. |
Reg reporting exports/formats are user-configurable or available via partner integrations. | |
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User Access Controls Granular roles/permissions for platform features and data. |
Fine-grained user/role permissioning is supported. | |
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Model Change Approval Workflow Formal process for reviewing and approving model changes before deployment. |
Approval workflows can be custom-implemented or integrated with enterprise workflows. | |
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Data Retention Management Customizable policies and automation for record retention. |
Data retention policies and automation available for compliance. | |
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Real-Time Regulatory Rule Engines Real-time screening of trades and strategies against compliance checklists. |
Real-time compliance and surveillance rules can be built as event streams. | |
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Secure Data Storage Encryption and secure backup of all sensitive trade and user data. |
Platform supports encrypted storage and backups for sensitive data. | |
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Change Management Logs Full tracking of infrastructure and configuration changes. |
Change logs auditable in deployment/ops workflows. | |
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Broker/Exchange Certification Tracking Maintain records of compliance, certification, and operational status for all counterparties. |
No information available |
Scalability and High-Availability
(8 Yes /8 Known /10 Possible features)
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Horizontal Scalability Ability to add servers/instances to increase throughput/load. |
System is horizontally scalable by design; cluster-based deployment supported. | |
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Load Balancing Support Distributes execution and data processing across multiple resources. |
Load balancing and distributed architecture are typical deployment patterns. | |
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Clustered Failover Automatic failover to hot/warm backup system on fault. |
Clustered failover is a core feature for HA deployments. | |
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Disaster Recovery Geographically dispersed backup and restore procedures. |
Disaster recovery procedures and tooling are available for enterprise deployments. | |
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Uptime SLA Guaranteed percentage operational uptime. |
No information available | |
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Peak Load Throughput Maximum platform capacity during periods of highest activity. |
No information available | |
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Auto-Scaling Automatic scaling of resources based on trading volume or demand spikes. |
Auto-scaling supported in containerized/cloud deployment models. | |
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Stateless Microservices Architecture Services run independently, reducing points of failure. |
Microservices architecture is supported for reducing points of failure. | |
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Database Replication Data redundancy and read/write resilience via live replication. |
Replication options are available for database and state stores. | |
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Rolling Upgrade Capability System updates with no significant downtime or interruptions. |
Rolling/zero-downtime upgrades are possible in distributed HA configurations. |
User Interface & Reporting
(10 Yes /10 Known /10 Possible features)
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Customizable Dashboards User-configurable displays of key metrics, performance, risk, and alerts. |
Dashboards are user-configurable through the TIBCO Spotfire integration. | |
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Mobile Access Secure web or mobile app for on-the-go monitoring. |
Mobile access can be provided via REST APIs and integration with mobile/monitoring tools. | |
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Real-Time Data Visualization Dynamic visualization of trades, order books, and statistics. |
Real-time visualization using Spotfire and custom front-ends is supported. | |
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Private/Public Reporting Links Shareable reports with configurable access for stakeholders. |
Configurable reporting and stakeholder links available via reporting modules. | |
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Exportable Reports PDF, Excel, or CSV export of all key trade/risk/performance reports. |
Report export (PDF, CSV, Excel) supported through reporting engine. | |
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User Preferences and Themes Personalization options for interface layout, color schemes, etc. |
User interface theming and preference management is supported. | |
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Advanced Charting Tools Integration of professional charting and technical analysis libraries. |
Professional charting and TA libraries can be integrated or linked via Spotfire. | |
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Role-Based Views Different interfaces and permissions based on the user profile. |
Role-based view control is available for dashboard and monitoring. | |
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Language/Localization Support for multilingual and regional settings. |
Localization/multilingual support available depending on dashboard and application configuration. | |
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Accessibility Compliance Adherence to accessibility standards (WCAG, Section 508, etc.). |
Accessibility compliance can be achieved depending on the client UI layer (Spotfire/TIBCO UI). |
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