Opensee, the data analytics company, is to deploy its new cloud-based trade management and execution analytics solution at Kepler Cheuvreux, the European financial services company. KCx, Kepler Cheuvrex’ execution facility, will adopt the solution for multi-dimensional, real-time access to analytics around trade performance and risk.
The platform will allow users to perform unlimited independent analysis of all their trading data, with tools to identify performance drivers and optimise trade execution while reducing costs. Kepler Cheuvreux plans to offer the service to clients after internal testing.
Following its Series A funding round of €11 million in December 2022, Opensee announced its product roadmap, including the development of advanced AI analytics to support automated data quality controls and certification, as well as multiple turnkey solutions delivered as a fully managed cloud-bases SaaS. The company has also grown its international footprint in North America and SE Asia to drive sales and to implement a ‘follow the sun’ support network for its clients.
Commenting on the deal, Chris McConville, Global Head of Execution Services & Trading at Kepler Cheuvreux, said: “KCX is constantly on the hunt for technology that delivers a competitive edge. We were among the first to identify the massive potential Opensee’s platform offered in taking trade analytics to the next level. Our clients will gain fast, actionable intelligence without relying on us to intermediate. This solution brings full transparency, adds value to our service and allows us to forge better client relationships.”
Opensee’s strategy is to give banks, asset managers, hedge funds and brokers access to data at scale with embedded analytics for use cases including market and credit risks, liquidity management, trading analytics, and ESG.
“Our long-standing cooperation with Kepler Cheuvreux is an important step in enabling all financial institutions to manage their trading data stack challenges as their volumes of data grow exponentially,” commented Stephane Rio, Founder and CEO of Opensee. “We want to provide high performance tools that allow users to source valuable business intelligence for more informed decision-making, to identify opportunities for a competitive advantage or to respond better to client needs.”
Opensee’s platform aims to enable users to easily explore 100% of their data without any limitations on size, history or detail. The platform’s calculators and embedded analytics complement full data access, allowing Front Office, Risk and Finance managers to use the data for intelligence in various use cases. Tier 1 banks use it for regulatory reporting in capital markets, while asset managers, hedge funds and brokers use it to enhance trade execution.
Anvar Karimson, Kepler Cheuvreux’s Chief Technology Officer, commented: “Through our partnership with Opensee, we have developed a tailored solution that meets the needs of KCX and our clients, delivering granular visibility into trade performance with real-time actionable insights. Opensee and KCX are fully committed to continuously improving the performance of our Execution Analytics solution, ensuring that we meet the high expectations of our clients and providing them with the insights they need in a continuously evolving market landscape.”
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