With the sheer amount of market data, news and analysis flooding the financial markets these days, this deal couldn’t have come sooner. Last month, Swedish software provider Panopticon clinched a deal with Reuters that will integrate Panopticon’s treemap technology into its products. In essence, it is a pioneering way of visualizing large data sets so that the professional trading community can digest information as quickly as possible.
“There has been an enormous increase in the amount of data that the sales and the buy side need to screen and analyze and it is becoming increasingly difficult to make sense of it all fast enough,” says Willem De Geer, CEO of Panopticon.
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