Tapaas

Tapaas caters to the multifaceted nature of risk management and allows brokers to stay on top of any emerging or recurring risk through a real-time monitoring of a fast-moving kaleidoscope of counterparty, market and operational threats. Brokers are able to take swift actions to assess and mitigate any identified material threats. Tapaas is not a Bridge but it monitors the trafic from bridges that brokers work with.

Tapaas Alpha is not a bridge but a standalone platform that connects to bridges, trading servers and LPs to provide an integrated view of risk across these diverse systems. Important features include:

1. Comprehensive Position and Exposure Management
2. Automated Book Management and Auto Hedging
3. Continuous Trader Surveillance to monitor, detect and prevent bad actors
4. Actionable real-time Alerts
5. Liquidity quality monitoring
6. Protection from Operational Risk
7. Computation of complex real-time Risk Metrics like VaR and Decay Analysis

Implementation

SaaS platform hosted in the cloud for the client on a single tenant basis by Tapaas. Tapaas is responsible for all the implementation and commissioning of the platform, as well as ongoing support and maintenance. An initial hygiene phase is part of the implementation, where Tapaas ensures that all data and configuration is compatible across all connected platforms, in order to be able to provide a consistent integrated view across the client’s entire trading estate. We work closely with the client to fix any discrepancies, if identified.

Upon the successful commissioning of the platform, the Customer Success team initiates a bespoke training program according to the needs and success criteria of the client.

The company provides support on a 24h basis across the globe through synchronous communication i.e. Slack chat.

Tapaas does not charge based on traded volume. Instead, a standard Core Platform fee is charged, with additional charges for the integration of required Trading platform instances, bridges, and LPs.

The platform is being continuously enhanced based upon customer requests and emerging requirements or threats.

Built on Kdb+, the most powerful Kdb+ time series database, our highly scalable, cloud-hosted SaaS platform provides real-time analytics empowering brokers to profitably navigate an increasingly challenging trading landscape. Tapaas Alpha enables customers to perform complex analytics, detect anomalies, and visualize results through customisable dashboards.

All asset classes that are tradeable through the major trading platforms can be monitored through Tapaas.

Tapaas Alpha is a standalone RMS which comes with a powerful browser-based dashboarding visualization UI, an integrated help site for user documentation, a REST API to facilitate integration with other broker back office applications and a reporting capability for scheduling periodic or ad-hoc reports for management, regulatory or other purposes. Integration with third party incident management tools is also available.

The complete Tapaas Alpha platform is implemented but the client can choose whether to activate certain premium modules.

Toxic Flow Detection: VAR, Decay Analysis & KDB+ Explained | Tapas CEO Tom Vasak

FF Podcast: Tapaas CEO on Toxic Flow, Trading Syndicates and Broker Risk