1.

Mention How Storm Application Can Be Beneficial In Financial Services?

Answer»

In financial services, Storm can be helpful in preventing

Securities fraud :

  1. Perform real-time anomaly detection on known patterns of activities and use learned patterns from prior modeling and simulations.
  2. Correlate transaction data with other streams (chat, email, etc.) in a cost-effective parallel processing environment.
  3. Reduce query time from hours to minutes on large volumes of data.
  4. Build a single platform for operational APPLICATIONS and analytics that reduces total cost of ownership (TCO)

Order routing : Order routing is the process by which an order goes from the end user to an exchange. An order MAY go directly to the exchange from the customer, or it may go first to a broker who then ROUTES the order to the exchange.

Pricing : Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business’s marketing plan.

Compliance Violations : compliance means conforming to a rule, such as a specification, POLICY, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws and regulations. And any disturbance in REGARDING compliance is violations in compliance.

In financial services, Storm can be helpful in preventing

Securities fraud :

Order routing : Order routing is the process by which an order goes from the end user to an exchange. An order may go directly to the exchange from the customer, or it may go first to a broker who then routes the order to the exchange.

Pricing : Pricing is the process whereby a business sets the price at which it will sell its products and services, and may be part of the business’s marketing plan.

Compliance Violations : compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws and regulations. And any disturbance in regarding compliance is violations in compliance.



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