CEO, Ocado Technology
Through Big Xyt, Mess has built a platform that offers “truly independent” analytics (the fintech is fully owned by employees) and makes those analytics available to everyone — not just the big market players who can afford them at a premium.
"With these products, we create a new transparency in complex and automated environments — for example, automated and fragmented trading of global markets," CEO Robert Mess says. "Essential tools are now available to the whole community."
Frankfurt-based Mess and his team do this by using cloud technology, high-quality tick data, and smart delivery mechanisms such as web-based frontends, APIs, and visualization engines.
He thinks the pandemic and ensuing lockdown will accelerate the industry’s adoption of digital platforms and ultimately make things more efficient. Firms that have been slow to adapt to tech offerings like the cloud are starting to look at how they might become more effective, and when it comes to more complex technologies, Mess says: “It took the industry more than 10 years to understand software as a service, our core product.”
But now, clients are beginning to see the benefits of these products. They tend to reduce firms’ costs, and having delivery models completely independent of clients’ infrastructure means the software can be used anywhere with no installation or maintenance required.
Mess, a mathematician by training who previously was a software executive, hopes his work will "make things easier, cheaper, and more enjoyable" for Europe’s finance industry.