Our key insight embedded in I O T A™ is the relationship between information latency and portfolio implementation shortfalls. Coupled with our proprietary database of historical real-world observations, I O T A™ enables you to correlate information latency with optimal remediation options, and a probabilistic view of the potential improvements in portfolio performance measured in basis points.

Information latency is the inability of people and systems to simultaneously deliver and act on information in a timely manner. The underlying cause of information latency is the effort (both systematic and human) to reliably map and transform the syntax and business meanings of the various transactions that flow within the firm and with its counterparties. I O T A™'s primary metric is the Data Operability Threshold [DOT] which is indicative of state changes from STP to non-STP.

Given the dynamic nature of markets and the fleeting nature of opportunities, information latency significantly constrains the ability of an investment manager to deliver the alpha implied in the underlying ideas.

We designed I O T A™ with the following core attributes: