Topaz Sees a Sweet Spot for Its Platform

I spoke with Jo Finnigan (COO) and Jon Fox (CEO) Of Topaz Technology this week. Like many vendors in the space, it has seen a lot of activity in the market and has a full pipeline of prospects despite a short lull over the summer, Jo told me. It has also been busy with several free trials, which it offers to interested and suitable companies. It is, she told me, in the final stages with several prospects that include hedge funds, utilities and so on with expectations of news later in the year. She added to this by explaining how Topaz has been rolled out to other trading desks at an existing large client as well. The vendor also has been busy with development and put out a major release recently in the form of version 2.0.  This release, in part, featured a complete re-architecting of the Topaz storage mechanism for even faster performance and larger trade volumes, Jon told me. It also included a lot of work around valuation including a new swing option capability for energy markets, valuation and Greeks for spark spread options, full support for petrochemicals, a pre-trade structuring tool and much more. It is also… continue reading

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