In The News

Titan Debuts Web-Based Signal Generator

Sell-Side Technology 10/05/10

Titan Trading Analytics is launching the web version of TickAnalyst, its automated behavioral trading software-as-a-service (SaaS) interface, vendor officials tell SST.

The platform accesses research on NYSE Euronext- and Nasdaq OMX-listed stocks, exchange-traded funds (ETFs), futures contracts and foreign exchange (FX), to generate buy and sell signals that can then be used by any FIX protocol-enabled execution management system (EMS) or order management system (OMS). The signals can also be integrated into most third-party charting packages, according to vendor officials.

"TickAnalyst is a institutional-level signal generator that mines 10 years of data to look for patterns and publish them out to traders, so they have a graphical view of the signal, and how it's lining up over multiple time frames," says John Coulter, CEO of Titan Trading Analytics. "Traders can take the trade idea and act upon it by sending a FIX message into our engine."

The web version of the platform removes the need for quantitative researchers to mine and manage data; C++ programmers no longer have to set operating strategies; and it eliminates the need to develop and deploy FIX engines and blackbox trading engines, according to Coulter. "These actions are sensitive and take lots of time," he says.

TickAnalyst incorporates Titan's mathematical pattern recognition algorithms that capture human emotional elements—from euphoria to panic—that become evident in trading, add officials.

"During certain market periods, behavioral patterns can, and often do, drive price changes," says Eric Davidson, vice president of research and trading at Titan Trading Analytics. "During periods when there is excessive euphoria, even liquid securities that are within an index like the S&P 500 often over-react to recent market events, be it news, corporate actions, or some other driver. This over-reaction leads to market structure that is temporarily unstable. Those are the environments where we feel like we have an edge."

TickAnalyst components that are hosted in an Atlanta, Ga.-based datacenter include a complex event processing (CEP) engine, high-frequency tick database, direct market access (DMA) system and a FIX engine. The vendor also plans to add FTSE and DAX stocks to TickAnalyst in the second half of 2011.