Discover new strategies, deploy new technologies.

Competition and innovation have led to fragmentation, high order volumes, low latency and data proliferation. This complexity makes for the perfect storm.  Systemic risk increases and market anomalies (like the “flash crash”) are more common. Managing these risks - and preventing market abuse - is one of today’s greatest challenges for market participants - sell-side, buy-side, venues and regulators.  At Bryok, we can help you manage this risk as we have a unique understanding of:

• The business of trading;
• Order and trade data flows;
• The mathematics required to detect complex exceptions;
• Complex Event Processing Technology, Column-oriented Databases and Information Visualisation Tools.

Bryok will help you discover new strategies and deploy new technologies, to meet your needs in trade monitoring and surveillance. As independent specialists, we bridge the complexity gap between business and IT. We can help you:

• Determine when to adopt an effect-based rather than causal approach to monitoring and surveillance;
• Migrate your risk management applications to a single platform;
• Manage risk across venues, territories, asset-classes, trading desks or even legal entities;
• Exploit your risk management assets to create revenue-generating opportunities.

For a no obligation introductory “discovery workshop”, call Simon Bates on +44 20 3043 8686.

Trade Monitoring & Surveillance.

We are familiar with all the leading trading platforms and monitoring technology/applications, including:

• SMARTS Integrity Platform;
• Millennium IT Surveillance;
• Scila Surveillance;
• 3i-infotech AWACS;
• SIA Eagle;
• Red Kite – Red Eye (based on StreamBase CEP);
• Progress Apama CEP;
• Sybase/Aleri CEP & Panopticon partnership;
• B-next MACOC:Suite.

Our ambition is for market monitoring & surveillance solutions to be as “state-of-the-art” as the trading algorithms and strategies themselves:

• We have created the "Bryok Best-In-Class Benchmark Design". This multi-venue, multi-asset-class, multi-event and multi-dimensional template includes: over 140 alerts with "traffic light" progression, advanced market replay, business user alerts definition tool, case management and progression, an alias database combined with spyrograph relationship tools to detect collaborative behaviour and multi-dimensional data dashboards.
• Bryok's Colucida research project is investigating novel advanced statistical techniques to detect anomalies in historical order and trade data from across a variety of European venues.  The project is being carried out in conjunction with Sybase (who have provided the Aleri CEP and IQ Database) and Algo Technologies (who have provided their RadioFeed European Level 2 data).

Bryok campaigns for multi-venue/multi-asset-class surveillance as a mandatory requirement to cope with the challenges of market fragmentation.