R&D has come to define CompatibL Technologies, says founder Alexander Sokol.
CompatibL Technologies, a cutting-edge trading and risk management solutions vendor, has established a direct line between product development and its research and development efforts, says Alexander Sokol, founder, executive chairman, and head of quant research at CompatibL.
CompatibL, which won the FTF Award last year for Best Cloud-Native Computing Initiative, bases everything it does, including product development. upon engineering and quant expertise, says Sokol, who is featured in this edition of the FTF Exchange podcast series.
Alexander Sokol
“At CompatibL, this line could not be more direct. This is what we prefer and this is what we worked very hard to achieve,” Sokol says. “So, for us, research is what directly leads to the product. Research is also often the reason people work with us — why we get clients. I’m very proud of our quantitative research program that’s produced multiple innovations and models and numerical methods including settlement risk … I’m continuing to work very actively with our research team as well as external collaborators on things like machine learning, models for credit risk, especially pandemic era credit risk, which is especially difficult. This is something that’s … central, and I believe that this is something that defines us.”
One of the ways CompatibL maintains its direct line between R&D and product development is through the use of the same analytical platform — “the CompatibL platform — for both research and commercial software,” Sokol says. This is marked difference from companies that conduct R&D on separate, different platforms and then hand over the software to engineers who then create the production software. “That’s not how we do it at CompatibL.”
Sokol, who founded CompatibL in 2003, also discusses:
- What a quant is and does;
- What inspired him to start another company after Numerix;
- How the Numerix experience helped him with CompatibL;
- The biggest challenges he’s had via CompatibL;
- And how CompatibL deals with the competition.
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