FIA Presents Inaugural Innovator Award to Revelate for Best New Hadoop-Based Platform
Meeting the Big-Data Challenge for Financial Firms in the Global Derivatives Market
MONTREAL – November 24, 2015 – The Revelate platform has earned the fast-growing firm the inaugural Innovators Award from FIA. Walt Lukken, CEO of FIA, the world’s leading trade organization for the futures, options, and cleared swaps markets, presented the award to Revelate CEO Francis Wenzel at the recent FIA Expo in Chicago.
Based on Hadoop technology, the Revelate platform comes as a complete solution. It can be added easily to existing Hadoop clusters. Revelate is also available as a service and delivered as an appliance that includes all hardware. It’s powerful processing, analytic, normalization and transformation capabilities are ideal for financial firms that must accumulate, aggregate, analyze and disseminate large amounts of data from disparate sources.
“Financial institutions are looking at the exponential gains and competitive advantages that Hadoop and big-data technologies provide,” said Wenzel. “That’s especially true for firms that deal in financial derivatives, with their complex and fast-moving data flows.
“There are trillions of dollars worth of value in play and at risk every day in the derivatives market. We are honored to be recognized by FIA as a pioneer in the industry.”
“Revelate was selected for the Innovators Award by a group of industry experts assembled by FIA,” said awards committee chairman Rob Creamer, FIA board member and chairman of FIA Principal Traders Group. “It’s a great way for our industry to recognize and promote innovation.”
FIA is the leading trade organization for the futures, options, and cleared swaps markets worldwide. FIA’s membership includes clearing firms, exchanges, clearinghouses, and trading firms from more than 25 countries as well as technology vendors, lawyers, and other professionals serving the industry. FIA’s mission is to support open, transparent, and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA’s member firms play a critical role in the reduction of systemic risk in the global financial markets. FIA and its affiliates FIA Europe and FIA Asia make up the global alliance FIA Global, which seeks to address the common issues facing their collective memberships.
Revelate is a leader in Big Data applications for the brokerage ecosystem. The Revelate platform (formerly known as the TickVault or GOLD platform) is used for data centralization, distribution, market surveillance, strategy discovery, and analytics. It was designed for trading and risk groups, regulators, exchanges, and vendors who must accumulate, transform, analyze and disseminate scales of data from multiple sources. Revelate manages structured and unstructured data, exchange & tick data, reference data, FIX, back-office, media content, time series, statements, and more. Delivered as a complete solution, Revelate can be added to existing Hadoop clusters, is available SAAS, and as an appliance with hardware.