Company
Date Published
Author
George Kaye, CEO and founder of Derivitec
Word count
744
Language
English
Hacker News points
None

Summary

Derivitec's Risk Analysis Platform uses MongoDB to provide traders with access to big-bank computing power, enabling them to process complex data in minutes rather than months. The platform was built using modern infrastructure like MongoDB and AWS, which provides a flexible and scalable solution for processing large volumes of data from various sources. Derivitec chose MongoDB due to its tried-and-tested technology, operational tooling, and ease of use, as well as its performance levels being superior to other no-SQL solutions. The platform's flexibility has enabled traders to calculate risk on their portfolios in minutes, providing a significant improvement over traditional methods. With the right data and tools, even large financial institutions can level the playing field and make informed decisions about their investments. Derivitec is a privately-owned UK-based company that specializes in high-performance analytics for the derivatives industry, offering cloud-based solutions for risk and portfolio management.