OTAS Technologies has launched OTAS Base, an API and visualisation toolkit for developers to assist in building applications that integrate OTAS analytics and visual elements. Using OTAS Base, developers can build applications that include OTAS’ intraday analytics on over 10,000 stocks.
Tom Doris, CEO of OTAS Technologies, said, “By using OTAS Base, developers capitalize on best-in-class market analytics and OTAS user interface components too. Applications that leverage the toolkit will look great with relatively little effort. OTAS Base is built entirely on open web standard technologies like HTML5. We don’t impose a framework so developers can use the parts that are useful and build software on their own terms.”
Doris says OTAS is in the “early stages” of speaking to the sell side, and has gone through product evaluations with six tier-one investment banks. The plan is to break into the sell side sometime in the first quarter of 2015. The move makes sense, Doris says, because sales and execution traders are hearing about OTAS from their largest buy-side clients, and the vendor’s analytics solutions have crossover for the sell side.
“The major EMS providers would all say that they’re in competition with Bloomberg for real estate, so the more functionality and content they can put into their platform, the fewer times the trader is going to key out to Bloomberg and the stickier their product becomes,” he says.
In early December, OTAS will officially release OTAS Views, which is a new feature that will allow traders and portfolio managers to create user-customizable views and analytics. “For the first time, a portfolio manager can take the platform and create a view that is only focused on a couple of valuation metrics,” Doris says.
This is an excellent feature piece that displays OTAS’ full-suite of products and forward-thinking momentum. We are pleased to see even more immediate coverage coming out of the recent media tour.
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Olivetree Group, a global financial services firm, has today announced plans to demerge OTAS Technologies, its financial technology subsidiary, following approval from the Financial Conduct Authority (FCA) and the firm’s Board of Directors.
OTAS Technologies was established in 2012 and provides some of the world’s largest institutions analytics to support their investment and trading decisions. Olivetree Financial (previously known as Olivetree Securities) is the group’s broker dealer, serving institutional clients worldwide, and will continue to operate under the Olivetree Group.
In the past twelve months, both Olivetree Financial and OTAS Technologies have experienced significant growth by expanding globally and working with some of the world’s largest asset managers. Olivetree Financial continued its expansion in the US and Europe, and has recently opened an office in Australia led by regional CEO, Ian Simmonds.
OTAS Technologies continues to invest in its technology, most recently launching OTAS Base, an API and visualisation toolkit. This progress, combined with the benefits to each business, has encouraged the Board of Olivetree to move ahead with the demerger.
“This is a decisive step towards unlocking the potential of both businesses and putting each in a position from which it can better support its clients,” said Daryn Kutner, Olivetree Group CEO and Founder “The goal is to ensure that both Olivetree Financial and OTAS Technologies are able to continue delivering differentiated, reliable, and unique services to their respective clients. We believe this decision will benefit both businesses and allow each to build upon their strong growth trajectories. We are excited to be moving into a new chapter and look forward to supporting our clients for years to come.”