Real-time APIs in Fintech

Addictive UX and Market transparency through real-time consumption of Fintech APIs. #fintechrevolution. Audience: Private Banking & Wealth Management technologists.

Transcript

1. Realtime APIs in Fintech Eric Horesnyi OctoCH Fintech, 26-Nov-15
2. Financial API streaming App – Specific content only Devices, Desktops & IoT Streamdata.io API Streaming @StreamdataIO
3. 10ns - 100ms 100ms - 500ms 500ms - 5sec 5sec - 5mins 5mins - 5days 5 days - 5+years HIGH FREQUENCY TRADING ALGO TRADING DAY TRADING ACTIVE RETAIL TRADING REGULAR RETAIL INVESTOR
4. Life is real-time @StreamdataIO
5. @StreamdataIO Best UX is real-time
6. Ecommerce 1 sec.=+10% revenue= +$10bn/y Source: http://perspectives.mvdirona.com/2009/10/31/ TheCostOfLatency.aspx @StreamdataIO Finance 1 sec. = +$800m/y http://www.tabbgroup.com/PublicationDetail.aspx? PublicationID=346
7. Challenge to scale realtime UX 1min API* Poll > Push every 1 sec. x60 Devices** +40% pa x1,4 Data*** +100% pa x2= Scale x60 initially, then x3 every year @StreamdataIO *For example https://developer.uber.com/v1/api- reference/#rate-limiting **Gartner, IDC, Goldman Sachs. ***Cisco VNI, year-on-year data growth
8. How to service a million-device audience with financial data - classic DC 1 – Load Balancer, Cache, App Data, Data Handler DC 2 – Load Balancer, Cache, App Data, Data Handler Devices, Desktops & IoT Market Data & News Outgoing Bandwidth Incoming Bandwidth @StreamdataIO
9. Financial API streaming App – Specific content only Devices, Desktops & IoT Streamdata.io API Streaming @StreamdataIO
10. Customers & Partners @StreamdataIO 0 125,000 250,000 375,000 500,000 2013 2014 2015 Adoption
13. Example of integration
14. API server CPU Polling Streaming 10,000 concurrent clients @StreamdataIO
15. Internet Bandwidth Polling Streaming Diff Cumulated Peak @StreamdataIO
16. Client/Device CPU Polling Streaming Hence, saves 75 to 99% ba;ery =me h ; p : / / w w w . r e s e a r c h g a t e . n e t / p u b l i c a = o n / 256453451_The_Comparison_of_Impacts_to_Android_Phone_Ba;ery_b etween_Polling_Data_and_Pushing_Data @StreamdataIO
17. Information Asymmetry 2001 Nobel Prize of Economics G.Akerlof,A.Spence,J.Stiglitz <div>Icons made by <a href="h;p://www.freepik.com" =tle="Freepik">Freepik</a> from <a href="h;p://www.fla=con.com" =tle="Fla=con">www.fla=con.com</a> is licensed by <a href="h;p://crea=vecommons.org/licenses/by/3.0/" =tle="Crea=ve Commons BY 3.0">CC BY 3.0</a></div> @StreamdataIO
18. Transparency eg Blog $€£ 1990 T.Berners-Lee, CERN = share knowledge 2000 R.Fielding = Uniform Interface/REST APIs 2001 Nobel/Lemons 2013 Research on Financial Blog impact on Insider/Outsider Information Asymmetry, GD Saxton, SUNY @StreamdataIO