Unlocking 30% cost savings with market data analysis transformation
Overview
Transforming derivatives trading with AI, analytics, and strategic insight
In the rapidly evolving landscape of financial markets, the ability to adapt and innovate is not just an advantage but a necessity for survival and growth. As traditional trading mechanisms and strategies strain under the weight of new data paradigms and fluctuating market conditions, the demand for innovative solutions has never been higher. Inspire11 and a prominent derivatives firm partnered to set a new standard for what can be achieved when expertise, vision, and technology converge to solve pressing issues and unlock untapped opportunities.
The convergence of Inspire11’s business and technology transformation expertise and the trading firm’s deep market knowledge has catalyzed a series of groundbreaking projects. Each project serves as a milestone in the journey towards not just overcoming current challenges but also capitalizing on the vast opportunities presented by the evolving market dynamics. These initiatives range from enhancing data integrity and processing efficiency to unlocking cost savings through strategic platform migrations and pioneering new methodologies in trading analysis.
Together, they showcase a forward-looking approach that leverages cutting-edge technology and strategic insight to stay ahead in a competitive environment. market data analysis
Data capture engineering
The opportunity
The derivatives trading firm was grappling with the complexities of its hybrid topology for high-volume market data capture, which was essential for both real-time trading platforms and historical market data analysis. The increasing volume and complexity of data transformation were leading to issues with unplanned outages, data integrity, data timeliness, and data availability.
The solution
Inspire11 deployed a team of data engineers/architects to augment the firm’s staff capacity, focusing on improving data integrity, enhancing fault tolerance, supporting data operations, and reducing ETL costs. This collaboration led to a comprehensive gap and opportunity analysis, culminating in an actionable roadmap with short-term and long-term action items.
The result
The project significantly extended pipelines for additional market exchange ingestion, improved data integrity with data quality transformations, and enhanced the fault tolerance of real-time and batch pipelines. These improvements laid the groundwork for continuous operational excellence and expansion capabilities.
Capabilities Applied
Analytics
Business Optimization
Business Strategy
Data Visualization
Process Optimization
Reporting
Relevant Industries
Financial Services
Capital Markets & Investment Management
Insurance
Telecommunications
Healthcare & Life Sciences
Retail & E-Commerce
Transportation & Logistics
Energy & Utilities
Cost optimization through platform migration
The opportunity
With data storage and processing costs escalating, the firm’s profits were being eroded by its existing historical market data analysis platform. The need for a more cost-effective solution was imperative to enable quantitative traders to conduct research and gain insights without financial compromise.
The solution
Inspire11 spearheaded a migration strategy to a less expensive platform, refactoring essential data platform code to incorporate support for Snowpark data-generating pipelines in addition to PySpark (Databricks). This transition was facilitated by an automated validation workflow covering data verification, cost analysis, and performance monitoring, along with the implementation of code runner pod autoscaling and load distribution across Snowflake warehouses.
The result
The migration project yielded a remarkable 30%+ reduction in data platform spend, translating to annual savings of over $5 million. This financial leverage allowed the firm to negotiate lower contract rates, strategically positioning vendors against each other to optimize cost efficiency further.
Platform enhancement for trading analysis
The opportunity
Recognizing the need for enhanced trading analysis tools, the partnership embarked on developing a cutting-edge platform designed to empower traders with real-time insights and analytics.
The solution
The project involved the integration of advanced data analytics and machine learning models to process and analyze vast amounts of market data. This initiative aimed at providing traders with actionable insights, enabling them to make informed decisions swiftly.
The result
The new platform revolutionized the firm’s trading strategies, offering a competitive edge through enhanced market understanding and prediction accuracy. This strategic advantage has not only improved trading outcomes but also fostered a culture of innovation and excellence within the firm.
Strategic partnership unlocks innovation and $5M savings in trading.
The partnership between Inspire11 and the derivatives trading firm exemplifies how strategic collaboration, innovative solutions, and a forward-looking approach can address complex challenges and unlock new opportunities.
Through these projects, the firm has not only achieved significant operational improvements and cost savings but has also positioned itself as a leader in the competitive landscape of derivatives trading.
How data modernization and analytics platform optimization unlock value across industries
Retail & E-Commerce
Supports real-time inventory tracking, demand forecasting, and customer analytics by migrating to scalable platforms and deploying resilient data pipelines.
Manufacturing & Industrial Goods
Improves supply chain visibility and production efficiency through reliable data ingestion from disparate systems, enabling predictive maintenance and cost forecasting.
Healthcare & Life Sciences
Enhances data integrity and availability for research, clinical trials, and patient care analytics while ensuring compliance with strict data regulations.
Telecommunications & Technology
Strengthens network performance monitoring and user analytics by automating complex ETL workflows and reducing the cost of data storage and compute.
Transportation & Logistics
Enables route optimization, delivery forecasting, and real-time fleet tracking by consolidating data into scalable, fault-tolerant analytics platforms.
Energy & Utilities
Streamlines the ingestion and analysis of real-time consumption and grid data, supporting dynamic load balancing, outage detection, and rate optimization.
Capital Markets & Investment Management
Unlocks cost savings and performance gains for large-scale trading analytics and quantitative research through strategic platform migration and ML-driven insights.
