Virtu Financial Launches Utilities Open Intell and Open Python Big Data Analytics

Virtu Financial, a leading provider of financial services and products, recently announced that it has launched Open Intell and Open Python big data analytics utilities via Virtu Analytics, Virtu's suite of clients solutions that provide access to sophisticated algorithms and experienced trading desks.

Offering flexible programing support and leveraging a unified framework of web-based technologies, Open Intell and Open Python will enable buy-side clients to transform their data into dynamic and meaningful strategic choices in areas such as trading strategy selection, cost attribution and counterparty evaluation.

In addition, Open Intell and Open Python help subscribers manage infrastructure costs related to technology and in-house data science staffing needs while mitigating the risks associated with limited scope and stale or immature data analysis processes.

“Over the next one to three years, integrated access and directed machine learning and artificial intelligence will be key drivers in Transaction Cost Analytics (TCA),” said Erin Stanton, Global Head of Analytics Client Services and Coverage.

Erin added:“our global team of data analysis experts can act as an extension of a client’s internal trading desk/TCA group. When integrated with Virtu's Open Technology infrastructure, the Open Intell and Open Python utilities can help clients with data maturity and management practices alongside Virtu’s existing benchmarking and market impact modeling capabilities.”