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March 2, 2012

Rosenblatt Creates Visual Analytics Group

By John D'Antona Jr.

Agency broker Rosenblatt Securities has a new visual analytics group to provide tools that better help the buyside spot trading opportunities.

According to Rosenblatt partner Scott Burrill, the buyside needs more than just simple charts to process the recent explosion of available market data. Traders need something eye-catching that will easily alert them to trade ideas and alpha.

"This is absolutely critical," he said. "Today's markets produce exponentially more data than in the past, and visual analytics are the key to better understanding that big-data explosion."

The new visual analytics group is part of Rosenblatt's larger focus on tools that go beyond the backward-looking focus of trade-cost analysis as most use it today. Burrill said that TCA model is flawed-as focusing exclusively on costs blinds traders to opportunities to enhance returns.

Rosenblatt is developing pre-trade, intraday and post-trade tools, many of which will be offered for free. With visual representations on their desktops, Burrill said, buyside traders can more easily see opportunities and make faster trading decisions.

"We are taking execution analysis deeper," he said. "We're looking at details like tick-level pricing, expected intraday price ranges for individual stocks and the impact of high-frequency trading."

 

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