Custom trading software like our CYBMIND, allows traders like you to improve their workflow and turn their strategy into an automated series of actions that require minimal human input. But would off-the-shelf software deliver the same results? We don’t think so and we explain why below.
Why Is Investing In Workflow Analysis So Important?
We have been in the fintech industry for years now, and one thing that’s been clear from the beginning is that many prop traders, asset managers, and small management firms often look for trading software that can help them overcome the limitations of the tools they currently work with.
These limitations, however, are often ingrained in the software they opt for, which many times is either Microsoft Excel or other tools coded in Python or R programming languages. This then leads to a vicious cycle where Excel requires a lot of human input, and tools created in those aforementioned languages need specialised knowledge and skills to fix and maintain it.
Most worryingly, we have also noticed that many of these tools are developed or added at different intervals and without a proper analysis of the business’s operational workflow, resulting in a jumbled-up process that can be extremely inefficient and energy draining.
The reason behind this is that most traders and companies look for solutions when they feel like they’re at the end of their tether; exhausted after wasting hundreds of hours trying to get the job done in time in an industry that is incredibly fast-moving and data-heavy.
That’s why our advice to anyone looking for the right enterprise financial software for their needs, is to keep the bigger picture in mind: think about what you need to get done and how that would improve your process if it were done quickly, efficiently, and accurately.
How Can You Trade Better With Custom Software?
As a trader or asset manager, your job is having a strategy for your investments, not specialised knowledge in how to develop or maintain software. That’s why, when we speak to people like you who are looking to improve their workflow, the first thing we tell them to do is to identify your goals from an IT point of view. In other words, what would you like the software to do for you?
The path for this can be organised in steps but, when it comes to software development, it’s crucial to invest at least 30% of any project resources into the analysis. This is because it’s similar to building a house, in that it’s impossible to later erect a tower on the foundation of a two-bedroom house. So, determine your long-term goals, discover the strengths and weaknesses you have, and decide how you would like to work.
The ‘how’ software can help you with this, however, can be left for someone else to worry about. All you need to remember is that financial technology today is so advanced that it can autonomously collect data, save it in a database, read it, sort it, analyse it, and then even use it to trade on your behalf.
There are indeed very few limitations given you have a solid financial strategy that can be turned into “rules” for the custom trading software to follow.
Why Our CYBMIND Software is Your Best Option
We’ve developed CYBMIND, our investment strategy automation software, as a framework consisting of several modules that can be combined in many different ways, allowing us to customise its algorithms to every trader’s unique workflow needs. Moreover, any custom modules that may need to be developed can be easily integrated into it, ensuring compatibility and ease-of-work.
Most importantly, it can easily be scaled up or down depending on your requirements at the time, and it’s incredibly easy to use, without the need for any advanced programming language knowledge. Plus, when it comes to fixes and maintenance, we guarantee that service as part of our packages.
So, what are you waiting for? Get in touch with us to discover how CYBMIND could completely change the way you work while saving you time and money in the process!