In current dynamic and erratic fixed income markets, traders and quants are faced with the almost impossible mission of having to continuously adjust systems, algorithms and strategies to cope with on-going realities.
Protagonis' pHive radically innovative technology acts as a financial trading autopilot.
pHive continuously evaluates countless financial alternatives as defined by the trader, and generates - every split second - optimal actions relevant to current conditions.
Protagonis introduces to the trading floor unprecedented range of “autopilot” capacities for high-frequency trading: automatic market making, realtime consolidated pricing, cross-asset risk policing, dynamic hedging, and more.
With unmatched financial customization and tuning capabilities, pHive facilitates rapid deployment and easy user take-up.
Protagonis’ mission is to become the leading provider of automated decision solutions for fixed income trading floors.
Protagonis’ flagship pHive product-line offers a powerful new concept for fixed income trading: realtime dynamic decision automation. Protagonis introduces to the trading floor unprecedented range of “autopilot” capacities for high-frequency trading: automatic market making, realtime consolidated pricing, cross-asset risk policing, dynamic hedging, and more. With unmatched financial customization and tuning capabilities, pHive facilitates rapid deployment and easy user take-up.
Protagonis' advisory board includes leading figures from global financial markets, including Raymond Sabbah, former General Manager of SENAF; Leslie Littner, former Chief Dealer of the FI Derivatives Desk of Citicorp UK; and Dan Barsella, former CEO of SunGard Business Integration.
pHive focuses on decision points and execution strategies rather than dealing with the development of stringent algorithms. pHive operates within a world of Scenarios, financial decision points that are the building blocks of tasks on the fixed-income trading floor. Each Scenario is an aggregation of a broad range of Strategies - alternative actions to handle the decision point.
pHive executes the specific strategy which is most suitable for present market conditions. A millisecond later pHive may execute a different strategy for the same decision point - as conditions have changed.
Executed strategies impact other decision points, thus creating a “chain-reaction” of activities, named the Execution Flow.
Millisecond by millisecond, pHive evaluates market and business conditions, and dynamically constructs optimal execution flows to handle current market conditions.
Traders access pHive-based applications via an intelligent market visualization and control Dashboard. The Dashboard gives traders the tools to direct the system’s decision making, take advantage of trends and opportunities, and manage risk in real-time.
The dashboard includes the Analyzer - a business analysis module furnishing the ability to visually follow the flow and examine any calculation, decision or action.
The core of any pHive-based application is the market-aware
pHive Engine. This engine analyzes vast quantities of instruments and assets in milliseconds to generate dynamic execution flows to execute strategies according to current market conditions.
The engine is built on an adaptive calculation grid architecture, utilizing “swarm computing” technologies to provide maximum real-time calculation power, ensure uninterrupted performance even in extreme market conditions, and to deliver the robustness and scalability that trading floors require for ongoing success.
Protagonis is expanding rapidly and we are seeking smart, talented and highly motivated individuals to join our team. We offer a stimulating and friendly work environment, great opportunities for career development, and an attractive package.
If you have experience in developing or selling high-end enterprise solutions, and want to work in a dynamic company dedicated to provide its customers with technology breakthroughs for success on a grand scale, please contact us.
