Chartis Research, the leading provider of research and analysis on the global market for risk technology, has named Beacon Platform as the best quant management framework in their inaugural STORM50 rankings. Exploring the growing importance of algorithmic engineering in the financial services industry, the STORM50 analysis examines leading providers of statistical techniques, optimization frameworks, and risk models. The report uses multiple lenses, categories, and classifications to make sense of the broad range of options available.

“In our research, and our interactions with financial institutions, vendors and consultants, we have sensed a growing demand for a ranking that focuses on the computational infrastructure and algorithmic efficiency of the vast array of technology tools used across the financial services industry,” said Sid Dash, Research Director at Chartis.

The Chartis STORM50 report provides a detailed look at the evolution of models and analytics within financial services, and the technology building blocks that are enabling these innovations. “Within the broader trends that are shaping the evolution and development of algorithms, three main technology drivers stand out,” according to the Chartis report. Briefly, these three are:

  • Hardware and computation
  • Mathematically friendly languages
  • Open-source tools

“In some ways, in fact, the ideal configuration is a combination of databases, classical middleware and emergent hardware stitched together by an efficient quantitative framework based on a computationally ‘friendly’ programming language,” according to Chartis.

“Beacon is proud to have been named by Chartis as the 2021 winner of the quant management framework category,” said Kirat Singh, CEO and Co-Founder of Beacon Platform. “Beacon’s combination of enterprise-scale cloud computing, modern data warehouse, collaborative developer tools, next generation quant technology, and transparent source license are a leading example of this ideal configuration.”

To continue reading this research, download the full report Chartis STORM50 2021 Ranking Report

About Chartis

Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.

About Beacon

Beacon Platform moves financial markets into the future with secure and scalable quant technology, elastic cloud infrastructure, and front-office applications. The integrated development environment and a web application framework make developing applications faster and easier. Borne from decades of collective experience developing trading and risk management systems for Bank of America Merrill Lynch, JPMorgan Chase, and Goldman Sachs, Beacon Platform gives you the robustness and flexibility of these powerful tools. See how you can increase the return on research and development investments from Beacon’s next-generation platform for enterprise-scale analytics, trading, risk management, and more at