Sybase RAP - The Trading Edition

Sybase, Inc., the company as a part of SAP announced implementation in the product Sybase RAP — The Trading Edition, the advanced analytical server for financial services, support of programming language R intended for statistical calculations today. The combination of language R focused on use by specialists in data processing and business analysts to Sybase RAP provides acceleration of development and implementation of algorithms and also a possibility of comprehensive retrospective testing of models and algorithms on historical data, increasing efficiency of the analysis of market data and expanding possibilities of specialists in quantitative analysis, trading and risk management.

"Extraordinary requirements for data management, analytics and risk management in combination with rather tight temporary restrictions mark a new era for participants of the capital markets and all solution providers — Dushyant Shahrawat, the senior director on the researches TowerGroup, the company as a part of Corporate Executive Board says. — Integration of two complementary tools for analytics, risk management and difficult data processing on a single platform can give powerful benefit to the companies using these tools".

Sybase RAP is the universal platform for analytical processing of market and trading data helping participants of the capital markets to make more rational decisions on trading and asset portfolio management throughout all trade cycle. Having executed integration of RAP with R, Sybase made available to users of the product more powerful tools allowing to analyze data of more complex structure and in large volumes than earlier. Integration allows to cause functions in R packets from RAP using SQL. In turn, users of R have an opportunity to quicker develop models and to increase their accuracy thanks to storage of big arrays of historical data for the analysis and preprocessing using RAP.

"In the modern markets where volatility is recognized "the new normal state", intra day balancing of structure of a portfolio as show our researches, can yield impressive financial results even during the periods of strong volatility — Casey King, the director of Phronesis, LLC and the chief executive of the Yale center of analytical sciences (Yale Center of Analytical Sciences) comments. — However an essential condition of achievement of these results is fast and effective reaction to change of the market situation. Integration of Sybase RAP with R gives to quantitative analysis, trading, risk management specialists and portfolios the speed and maneuverability necessary for this purpose. From here with all evidence follows that would be an error to underestimate Sybase, including it only the producer of relational DBMS".

The newest release of Sybase RAP allows to address the functions executed by server R by means of the functions (UDF) RAPStore determined by the user. Functions R are caused from RAP as the SQL function. Users of R can address data in RAPStore using a packet of RJDBC. Executing preprocessing of data on the RAP server, it is possible to load the corresponding subsets of data and to use them in the applications, being exempted from need of loading of all data and their preprocessing for R. It accelerates algorithm elaboration. Besides, access to big arrays of historical data to RAP simplifies algorithm elaboration and increases the accuracy of retrospective testing.

"The analytical packet of R becomes more popular among participants of the capital markets, providing risk management, quantitative analysis and trading specialists with opportunities of deeper information analysis for the purpose of decision making optimization — Neil McGovern, the director of product management for organizations of financial services Sybase, the company as a part of SAP tells. — Having implemented interaction with R, we thereby expanded possibilities of RAP as the single platform providing the satisfaction of the highest requirements regarding the analysis during the work in financial markets".

Sybase RAP provides shared access to the general data, necessary different categories of users, including specialists in quantitative analysis, trading and risk management, promoting the accelerated acceptance on the scale of all company of more rational solutions on transactions supported with comprehensive testing.