Articles related to Empirica products and services like fintech software development, blockchain, artificial intelligence and the like.

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Michał Różański, CEO of Empirica, was among keynote speakers at the CFA Investment Summit in Warsaw.

On October 27th, 2017 the CFA Investment Summit, a key event for financial market participants in Poland, took place at the Warsaw Stock Exchange.

The event was organized by CFA Society Poland. The main media partner was the newspaper “Puls Biznesu“. The conference was divided into a series of lectures and panel sessions with the participation of nearly 250 experts from Poland and abroad.

This year’s event began with the presentation of the results of a survey commissioned by CFA Society Poland. The survey was run on a sample of more than 500 financial professionals and its subject was knowledge of fintech issues.

Its results indicate that, when asked about their knowledge of the use of new technology in the financial industry,  only 31% of respondents responded that it was very good or good. The vast majority of respondents (40%) said that they were “neither well nor poorly” acquainted with the topic.

The conference

In the first part of the conference, the speakers focused on what the opportunities and risks the fintech revolution presents, especially for companies and managers dealing with traditional investment advice.

According to a survey conducted among top experts, they absolutely do not see the threat. Almost 80% think that fintech is not a problem for them, because they are good enough that when conditions change they will adjust and win. On the other hand, for less developed professions that do not require creativity, it is indeed a threat, because these professions will disappear. The ones which stay will be specializations that require creativity, an analytical approach and communication skills – explains Krzysztof Jajuga, President of CFA Society Poland.

The next part of the conference was dedicated to robo-advisory platforms. The panel discussed the difference between fully automated models and hybrid solutions. It was attended by Empirica S.A. CEO Michał Różański, who noted:

There is space for a whole spectrum of advisors on the market – from traditional to fully automated models. Today, in a rapidly changing world, it is hard to predict  how the accents will be distributed. Since now 1 percent of  the population uses financial advisory services, there is a problem with supply/the problem lies with the supply, because it pays off for advisors to advise only the richest . This is the space for automated consultancy.

The founder of Empirica believes that the entrance of the generation of millennials in  the market, increasingly eager to use AI-based (artificial intelligence) solutions, will especially be the impetus for the development of fully automated advisory platforms, which, using a well-tailored user interface, will allow customers with lesser resources to engage more on the investment market. Which, he added, should lead to its greater democratization.

More (in polish)

Blockchain meetup sponsored by Empirica, Wroclaw

Monday June 19th a beautiful sunny day in IT-friendly Wroclaw, tech start-ups and cryptocurrency enthusiast gather together at IT corner Tech meetup, sponsored by Empirica.

The event was planned to focus on key areas of current trends in Blockchain and Ethereum.

The event began with Mr Wojciech Rokosz, Ardeo CEO presentation. The session was dedicated to introduction to the economics of token. Explaining the new changes and updates we are and we will face in our economy with this huge entrance of virtual currencies.

The event later carried on with Mr Marek Kotewicz on introduction to Blockchain, Bitcoin and Ethereum. The session was summarizing the differences between Bitcoin and Ethereum.

The third and last part of the event was conducted with Mr Tomek Drwga, Blockchain meetup organizer,  diving deeper into smart contracts and programming ( introduction to Solidity) for Ethereum.

The event ended with open discussion between the audience and speakers, and visitors were served with beverages.

 

Empirica at Cloud Expo 2017

Empirica takes part in Cloud Expo in June 6-8, 2017 in New York.

Cloud Expo offers a wide selection of more than 120 technical and strategic Industry Keynotes, General Sessions, Breakout Sessions, and signature Power Panels.  Durnig the FinTech Session we will present own advanced Robo-Advisory Platform and our experiences we have gained for over 6 years of developing solutions for financial institutions and FinTech companies, including robo-advisors. We will illustrate the most important issues of building tailored FinTech software. We’d love to welcome all FinTech innovators interested in how properly implemented technology can move their businesses forward.

The biggest market maker uses Empirica Platform

It’s been two years since Empirica has successfully deployed the full version of Algorithmic Trading Platform for Dom Maklerski Banku Ochrony Środowiska (DM BOS Brokerage House). Since then DM BOS has become the most active market maker on Polish capital market, running its market making and algorithmic trading operations through Empirica’s platform.

With a great pleasure Empirica would like to inform that DM BOS was lately awarded as Polish Capital Market Leader 2016 by Warsaw Stock Exchange (WSE).

The Gala was attended by representatives of the most important capital market institutions: issuers, brokerage houses, banks, investment firms, industry organisations and associations. DM BOS was awarded in following categories:

GPW (2)

  • for the biggest share of a local market maker in trading in equities on the Main Market in 2016,
  • for the biggest share of a market maker in the volume of trade in index options in 2016 on the derivatives market,
  • for high quality of the reporting of trades to KDPW_TR in 2016.

– We are very pleased to see, that using our software DM BOS was awarded by WSE in main categories. I would like to sincerely congratulate managers of DM BOS such amazing results for the 2016. Since 2012, when we started our cooperation we are committed to continuously develop and enhance our algorithmic trading platform in order to achieve the highest technical requirements and to satisfy different and changing needs of our customer. I would like to thank DM BOS once again for the opportunity to be a part of these awards. – Michal Rozanski, CEO of Empirica

WSE is the biggest securities exchange in Central and Eastern Europe and organises trading on one of the most dynamically growing capital markets in Europe. WSE operates a regulated market of shares and derivative instruments and the alternative stock market NewConnect for growing companies. WSE is developing Catalyst, a market for issuers of corporate and municipal bonds, as well as commodity markets. Since 9 November 2010, GPW is a public company listed on Warsaw Stock Exchange.

Read more about Empirica Algorithmic Trading Platform

Empirica starts development of institutional solutions for MetaTrader 5

Empirica has announced the development of brokerage solutions for MetaTrader 5. Our company has become the institutional software provider for companies using the advanced multi-asset platform. More brokers actively switching to MetaTrader 5 generate a demand for applications expanding and complementing the platform features, while tech service providers as Empirica strive to satisfy this demand by pushing further the development of the platform and its infrastructure. 

“For the last 6 years we have strengthened our market position as leading software partner for financial institutions and FinTech companies. We have developed a very strong algorithmic engine, that has already made one of our customers the fastest market maker on Warsaw Stock Exchange. We are pioneers in developing intelligent robo-technology based on machine learning. Now in cooperation with MetaQuotes we will support brokerage firms and investment companies in MetaTrader server extensions that will meet their specific requirements and needs in relation to the forex market. The customers of MetaQuotes can benefit from our ability to combine the high technical expertise and deep industry knowledge of our team”, — says Michal Rozanski, CEO at Empirica S.A.

 

Customers who have already benefited from strong competences and experience of Empirica are Warsaw Stock Exchange, Credit Agricole, brokerage firms and robo advisors like BOS Bank, InvestHelp and Swissborg. Empirica is headquartered in Poland and set up international units in Germany, the Netherlands, Finland and Switzerland.