One of the leading market makers in the financial services industry executing billions of daily trades for third parties — including asset managers, banks, broker-dealers, hedge funds, and others — used SAP IQ for regulatory reporting and internal data analysis. But growing data volumes and the challenges of regulatory requirements led the organization to consider modernizing its legacy platform.
Over time, this market maker’s data increased to billions of daily records and reports and, as a result, SAP IQ was unable to handle this growth. They found that their legacy analytic database platform used for analyzing and reporting trades, investments, risk, and compliance was no longer a fit for their growing needs. Reporting and analysis were limited to a quarter period, making quarter on quarter or annual reporting and analysis impossible. Performance was slow with trading reports taking an entire day to be generated, adding regulatory risk.
Yellowbrick builds on the capabilities of SAP IQ, allowing this market maker to gain faster insights and scale horizontally, while also saving millions of dollars. Yellowbrick also enabled the organization to efficiently filter data, allowing them to make all archival data easily accessible in real time.
Yellowbrick Data Warehouse is a modern, elastic, massively parallel (MPP) SQL relational database delivering high performance on massive volumes of live data across cloud and on-premises for better informed business decisions with predictable and controlled costs.
Why the Market Maker Chose Yellowbrick
After evaluating several leading providers, Yellowbrick was chosen as the next modern analytics platform, replacing SAP IQ for data reporting and analysis.
Data reporting and analysis is, on average, 30x faster with the ability to scale further:
- With SAP IQ: 19 hours.
- With Yellowbrick: 94 seconds.
Ad hoc queries for regulatory requests run in seconds instead of hours, allowing for on-demand request of CAT (Consolidated Audit Trail) compliance reports:
- With SAP IQ: One query analyzing 440 million rows executed in hours.
- With Yellowbrick: The same query executed in four seconds.
Business users can rapidly access trillions of rows for historical trade analysis:
- With SAP IQ: Data loading in four hours, queries running in minutes.
- With Yellowbrick: Data loading in four minutes (~15 TB/hr) and queries running in seconds.
Transforming the data allowed for querying of more up-to-date data, faster:
- With SAP IQ: Transforming the data (ELT) takes 5+ hours.
- With Yellowbrick: ELT takes four minutes.
Intrigued? Find your biggest, most complex data set and most important business challenge and invite us in for a Yellowbrick demo. We’ll show you how high-speed data analytics can redefine
your business opportunities.