Challenge
This global trading institution operates across multiple asset classes with dozens of trading desks, risk officers, and quant teams. Yet critical functions such as monitoring exposures or recalculating risk on the fly were constrained by:
- Fragmented data pipelines
- Reliance on manual exports
- Overnight batch processing
- Lack of traceability across versions
The firm needed a modern, scalable platform to unify PnL, risk, and analytics in real time.
Solution
- Live Risk Aggregation Across Trading Desks: To meet increasing demands from regulators and senior management, the Risk Office needed fast, consistent daily aggregation across all desks and asset classes. With Opensee, they now publish approximately 50 snapshots per day, each one capturing the complete risk view at that point in time. Analysts can access any historical version instantly, compare movements, and explain shifts without reprocessing or waiting for overnight runs.
‍‍ - Intra-Day Risk Monitoring for FX Options: The FX Options desk relies on rapid recalculations of delta, gamma, and vega across changing books. Opensee enables the desk to push over 500 updates daily, each storing various sensitivities as versioned snapshots. Teams monitor shifts as they happen, compare intraday changes, and trace impacts instantly across portfolios, without relying on spreadsheets or lagging queries.
‍ - Real-Time, Explainable PnL in Repos: For the Repo desk, daily PnL validation had been manual and opaque. Opensee replaced this with a fully traceable, real-time solution that clearly breaks down realized and unrealized PnL by counterparty, instrument, and funding leg. Any anomaly can be investigated within seconds, with drilldowns directly tied to versioned data states.
Strategic Outcomes
- One platform for various front office users - no more duplication, exports, or reconciliations.
- Live versioning for every update - trades, risks, and recalculations are instantly available and fully traceable.
- Explainability at scale - any result can be broken down, compared across time, and justified without reprocessing.
- Massive compression gains - approximately 4 TB/day raw compressed to approximately 320 GB/day without sacrificing speed or granularity.‍
- Fewer tools, fewer handoffs - teams now collaborate on a shared schema with real-time visibility.
Bottom Line
With Opensee, this global trading institution eliminated manual pipelines and batch-based processes, replacing them with a live, explainable, and versioned risk infrastructure.Â
What once took hours is now done in seconds. Teams operate with clarity, consistency, easier and faster access to risk information in case of market/credit volatility, and control across every asset class and scenario.
