MayStreet enhances Analytics Workbench on data lake

Rick Steves

MayStreet’s Market Data Lake has recently introduced full-depth-of-book data for all US-listed options markets and added all major equities and futures markets in Asia-Pacific.

MayStreet has launched a cloud-based market data analytics environment, Analytics Workbench, where data analysts can quickly and efficiently query the MayStreet Market Data Lake to drive mission-critical trading workflows without having to manage data capture, delivery or storage.

The market data technology and content provider said the new version of Analytics Workbench is currently being used by multiple clients, including a global investment bank, an exchange, and a quantitative hedge fund, but more clients will be added to the cloud over the coming weeks.

Latest in series of enhancements to MayStreet Market Data Lake

This is the latest in a series of enhancements to the MayStreet Market Data Lake, which now includes access through a new High-Performance Query (HPQ) API, the introduction of full-depth-of-book data for all US-listed options markets, and the round out of its global coverage with the addition of all major equities and futures markets in Asia-Pacific.

MayStreet’s new version of Analytics Workbench features the ability to:

  • Query and extract data using Python or R for analysis within Workbench or in any other location, whether in the cloud or on-premise;
  • Leverage pre-configured Jupyter notebooks to support out-of-the-box query capabilities;
  • Perform ad-hoc analyses or schedule batch jobs to support ongoing reporting requirements;
  • Instantly parallelize and scale ad-hoc or scheduled code across the cloud with integrated support for Dask clusters
    Upload internal order data or other third-party data to leverage in conjunction with MayStreet market data to support TCA, fill analysis and best execution reporting;
  • Query results provided in normalized or raw PCAP formats and create reports using powerful visualization tools
    Flexible deployment options, either fully managed within MayStreet’s cloud environment or integrated within a client’s cloud;
  • Achieve performance objectives with optimized cluster parallelization.

Naftali Cohen, Chief Revenue Officer at MayStreet, said: “The completely revamped Analytics Workbench realizes our goal of letting users bring their queries to our data, freeing them from the difficult and costly work of managing the data themselves. For the first time, our vast repository of ultra-high-quality global market data is accessible in a ready-to-use environment that leverages cloud economics. It’s also highly customizable, letting clients choose the level of performance they desire so that costs can be managed based on their needs. For capital markets data analysts, the new Analytics Workbench is a true gamechanger.”

Dave Thompson, Senior Vice President, Frontend Engineering, added: “In the process of redeveloping Analytics Workbench from the ground up, we identified several tools such as Dremio, Dask and Jupyter that could elevate its performance, functionality and scalability. By integrating these and other technologies, we have been able to create a truly modern data access and analytics tool built for the cloud. We’ve had many conversations with clients over the past 18 months about their hopes for a product like this, and we’re very pleased with the end result.”

Read this next

Executive Moves

XS.com hires Ahmed Negm, a popular market analyst on CNBC, Sky News, Bloomberg’s Asharq

“Ahmed’s expertise and passion for understanding the intricacies of the financial markets will be invaluable as we continue to grow our client base and expand into new jurisdictions.”

Institutional FX

ATFX uses blockchain to help clients verify IBs and vice versa

ATFX said it has been working on the IB verification project for a few months.

Industry News

Research market in dire straits as SEC’s ‘no-action’ letter on MiFID II lapses in June – survey

“Of all the regulatory news that has hit the research market in the last few months, this is the one change that will fundamentally impact what fund managers can access and pay for in future.”

Executive Moves

Wombat appoints ex-abrdn Richard Charnock as UK platform turns to Europe

Launched in 2019, Wombat provides a dedicated mobile investing platform – available on both iOS and Android – offering users both range and choice.

Institutional FX

Broadridge integrates Point Focal’s pre and post-market reports

“Point Focal provides a unique lens on the market which will help add alpha to the trading process and these new insights will rapidly improve performance while mitigating execution risk and simplify trading.”

Technology

XCritical integrates with Brokeree Solutions, allowing its clients to launch copy trading 

The forex software provider – XCritical, has integrated Social Trading by Brokeree Solutions into their CRM system.

Industry News

HKEX partners with Saudi exchange for cross listings, ESG, Fintech

“The Kingdom of Saudi Arabia, and the broader Middle Eastern region, are one of the world’s most dynamic and exciting economic and innovation hubs and also home to some of the fastest growing investor groups in the world. Hong Kong and HKEX’s markets offer significant opportunities for international investors and corporates, including unrivalled connectivity to the Mainland Chinese markets through our unique Connect programmes. This agreement signals the beginning of even greater collaboration between our companies and our home markets, and we look forward to exploring many future areas of cooperation.”

Executive Moves

CMC Markets Connect relocates APAC team led by Peter Foster to Singapore

“Singapore is a vibrant city and is now undoubtedly seen as Asia’s leading financial hub. The decision to bolster the CMC Markets Connect team here will help us cement the company’s position as a leading provider of multi asset liquidity and comprehensive trading solutions across the region.”

Retail FX

Italian watchdog red flags Olympus Brokers, UnicoFX and Allfina Group

Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) has shut down new websites in an ongoing clampdown against firms it accuses of illegally promoting investment products in the country.

<