Wolfgang Fabisch CEO, b-next
Wolfgang Fabisch – Chief Executive Officer, b-next holding AG
FOUNDER of b-next
Responsible for
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BUSINESS STRATEGY,
BUSINESS DEVELOPMENT and
INTERNATIONAL PARTNERSHIPS
25 years of experience in the area
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GOVERNANCE,
RISK and
COMPLIANCE
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ALMOST NEIGHBOURS
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We are from „OWL“ – Germany
Ostwestfalen-Lippe
Hamburg
Hanover
Berlin
Munich
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DO YOU KNOW THESE GUYS?
Bobby Junger
€ 170.000.000
Tom Hayes
Libor Scandal
14 Years Detention
Galleon Rajaratnam
$ 63.000.000
Jerome Kerviel
€ 4.900.000.000
Kweko Adoboli
$ 2.300.000.000
Nick Leeson
$ 1.400.000.000
Navinder Singh Sarao
£ 30.000.000
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+
80
60
CUSTOMERS
WORLDWIDE
EXPERTS
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OFFICES IN
EUROPE &
THE US
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80
SURVEILLANCE SCENARIOS
25
YEARS OF
EXPERIENCE
Who is b-next?
LEADERS AND INNOVATORS IN CAPITAL MARKET COMPLIANCE
Comprehensive range of solutions for the needs of FINANCIAL INDUSTRY
and THE ENERGY SECTOR
Prevention / detection of insider compliance cases
Surveillance of attempted market abuse and market manipulation
Support of the compliance office to comply with current and future regulations
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SOME OF OUR
CLIENTS
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OUR PRODUCT
Global Control Room:
comprehensive monitoring- and control
cockpit for compliance officer and risk
manager
GLOBAL CONTROL ROOM &
COMPLIANCE PORTAL
Cockpits
Modern, intuitive visualizations of alerts
TradeS
Market
Abuse
Benchmark
Fixing
Insider
Compliance
Conflicts of
Interest
Best
Execution
Foundation
Moduls
Cross assetclass scenarios for all of
regulatory requirements
Foundation
forms a dynamic basis for all application
modules within the CMC platform
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Challenges for today’s financial industry
Real-Time
Importance of
speed in the
financial industry
Unstructured
Information
Integration of social
networks into the
Compliance Office
Big Data
In-Memory-DB &
Cloud-Computing
as Game Changing
Technologies
Pattern
Recognition &
Trend Detection
The Compliance
Office of the future
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Why a response time of 0.00010 seconds
is slow!
Challenges for today’s financial industry
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Real-Time Importance of speed in the financial industry
This happens in 0.000010 seconds
HFT
Machines
Interact with
Machines
Have you seen?
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Real-Time Importance of speed in the financial industry
Slow Motion: 100 times slower
HFT
Machines
Interact with
Machines
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Real-Time Importance of speed in the financial industry
Slow Motion: 100 times slower
HFT
Machines
Interact with
Machines
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Real-Time Importance of speed in the financial industry
Flash Crash
06th of May 2010
Flash Crash Video
[Platzhalter]
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Real-Time Importance of speed in the financial industry
The man who forced the Wall Street to its
knees
Flash Crash
UK trader in fraud
Arrest over
US 'flash crash'

Navinder Singh Sarao, 36
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Is a graduate of Brunel University in West London

A day trader, operating a business – Nav Sarao
Futures - from his bedroom in his parents' semidetached home in Hounslow

Manipulated futures markets through illegal
computerized trading techniques known as
The house from where Navinder
Singh Sarao traded
spoofing and layering

generated $40 million of trading profits
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Importance of speed in the financial industry
• The third largest US trading platform
• Issue price per share for the initial public offering: $16
• Crash on the opening day by: <1 penny
HFT
• American Global Financial Services Firm
• $10 million loss
per minute!
• In total: $440,000,000 within 44 minutes
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Challenges for today’s financial industry
Real-Time
Importance of
speed in the
financial industry
Unstructured
Information
Integration of social
networks into the
Compliance Office
Big Data
In-Memory-DB &
Cloud-Computing
as Game Changing
Technologies
Pattern
Recognition &
Trend Detection
The Compliance
Office of the future
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Big Data Challenges for financial industry
Transactions
up to
5,000,000
Number of daily
Transactions
Overview by
Categories
100,000
500,000
100
1,000
Small financial
institutions
5,000
50,000
Regional banks
Private banks
Investment banks
Global Players
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Big Data Challenges for financial industry
Up to
2.5 billion
Transactions
Orders
Up to
250 million
In the future
Viewing
Orders
Up to
25 million
Up to
50,000
Small financial
institutions
Regional banks
Private banks
Investment banks
Global Players
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Challenges for today’s financial industry
Real-Time
Importance of
speed in the
financial industry
Unstructured
Information
Integration of social
networks into the
Compliance Office
Big Data
In-Memory-DB &
Cloud-Computing
as Game Changing
Technologies
Pattern
Recognition &
Trend Detection
The Compliance
Office of the future
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Integration of Social Networks into the Compliance Office
Social
Networks
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Challenges for today’s financial industry
Real-Time
Importance of
speed in the
financial industry
Unstructured
Information
Integration of social
networks into the
Compliance Office
Big Data
In-Memory-DB &
Cloud-Computing
as Game Changing
Technologies
Pattern
Recognition &
Trend Detection
The Compliance
Office of the future
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Pattern Recognition / Trend Detection
• Huge amounts of data need
visualization
Visualization of
Big
Data
Extraction of
Important
Information
• Not only presentation and
visualization of information,
but bringing added value to
information
 Management Cockpit
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Pattern Recognition / Trend Detection
Facts
• A loss of €4.8 billion
• 3 Years prison sentence
Jérôme Kerviel
Société Générale
• Immense reputational
damage
An example of
Fraud
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Pattern Recognition / Trend Detection
Scenario-Cockpit
Cancellations – Company Overview
Number of Cancellations
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Company
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Jérôme Kerviel
Société Générale
An example
Of market
Manipulation
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50
40
30
Trader J.K.
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Number of Trades
Jan
Feb
Mar
April
May
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b-next Locations
1
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Germany, Herford – Headquarter, Sales, Development
UK, London – Sales Office
Ukaraine, Lviv – Development
USA, New York – Sales Office
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TEAM LVIV
Office Lviv founded end of 2014
with Dmytro as a first team member
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A TEAM
HAVING FUN
ON DOING THEIR JOB
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Office Space will be enlarged to
450 m2
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A TEAM
INTEGRATING NEW
DEVELOPMENTS AND
INNOVATIONS INTO NEW
PRODUCT IDEAS
A TEAM
BRINGING B-NEXT PRODUCT TO
NEW LEVEL OF
DATA REPRESENTATION TO
END USERS –
VISUALIZATION WITH
COCKPIT 3.0
A TEAM
IMPROVING THE
PERFORMANCE
OF B-NEXT PRODUCT
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Partnering
EU Research Project
Large scale inFormation extraction and Integration
infRastructure for SupporTing financial decision making
 October 2010 – September 2013
 36 months
International
Research
Projects
University Frankfurt
Börse Stuttgart
University Hohenheim
Josef Stefan Institut
Atos Research
Interactive Data
University Göttingen
Monte dei Paschi di Siena
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Opportunities
• Internship
Cooperation with
Universities
• Part-time job
• Bachelor-, Master-Thesis
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Research and Development at b-next
Arthur
Gaertner
Olesja Pauls
University of
Applied Sciences
Bielefeld
University of
Applied Sciences
Bielefeld
Students who
did interns
three years ago
Vitali Baerg
Lead
Software
Developer
Meriem Harzalla
National School of
Computer Science
Tunis
Meriem back to Tunesia
University of
Applied Sciences
Bielefeld
Lead
Software
Tester
PA of CEO
Waldemar Husch
University of
Applied Sciences
Bielefeld
Project
Manager
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Research and Development at b-next
We are
permanently
looking for
INTERNS
Mariana Horban
Lviv Office Manager, b-next
Mariana.Horban@b-next.com
Dmytro Prosyanko
PMO Executive, b-next
Dmytro.Prosyanko@b-next.com
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Thank You!
Wolfgang Fabisch
CEO, b-next
WF@b-next.com
Mariana Horban
Lviv Office Manager, b-next
Mariana.Horban@b-next.com
Dmytro Prosyanko
PMO Executive, b-next
Dmytro.Prosyanko@b-next.com
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