KMM Trading, a Chicago-based hedge fund led by JP Morgan veteran James Gislason, has implemented information visualization software from Panopticon Software, the provider of Heatmap data visualization.
KMM uses the software to filter and highlight market, pricing, and other data relevant to its trading strategies. The firm uses the Treemap visualization as a filter that doesn’t necessarily initiate transactions, but brings important data to the trader’s attention and shows him where to drill down for more detail.
“I employ several strategies, including intra- and inter-sector pairs trading. I’ll go long one energy stock and short another, or I’ll go short one basket of energy stocks against shorting a basket of basic materials. Panopticon allows me to track individual stocks and sectors, as well as spreads, more easily than I could without this tool,” says James Gislason, president of KMM Trading.
“Mr. Gislason’s experience with our software is quite typical. Business users most often have a bad experience with data. However Panopticon users can easily understand their data in seconds, identify trends and patterns that are normally hard to see in standard reports and make more informed trading decisions in a fraction of the time. There is no substitute for actionable intelligence, no matter what business you’re in. We’re happy to learn that KMM Trading has successfully integrated Panopticon into their critical real-time operations,” says Brian O’Keefe, president – Americas for Panopticon.
L.D.