OneMarketData, a provider of tick data management and analytics, announced that TradingScreen, the provider of execution management systems (EMS), has selected OneMarketData’s OneTick CEP and tick database solution to power its robust suite of trading screen analytics.
With OneTick, TradingScreen can now leverage a fully integrated library of more than 100 pre-programmed analytics on both its real-time and historical data queries to rapidly analyze market data and quantitative strategies without having to use separate systems for historical and real-time analysis, the company said in a release.
“Most market data engines and database systems struggle when confronted with vast amounts of real-time market data and complex calculations. Users are forced to maintain multiple systems for storage, research, analysis and market replay, and they waste time and money creating distinct codesets for real-time and historical data,” said Richard Chmiel, VP of global sales for OneMarketData.
“That is why we are so excited to offer TradingScreen a fully unified CEP engine and tick database analytics solution. Unlike other systems, OneTick lets users easily apply analytics to real-time and historical tick data to eliminate duplication of work and systems.”
“As best execution requirements and cost constraints continue to weigh heavily on financial institutions, traders need cost-effective software solutions that empower them to develop and execute profitable trading strategies,” said Philippe Buhannic, CEO for TradingScreens. “By integrating OneTick with TradingScreen’s powerful analytics framework, traders now can access one centralized platform for data management, quantitative analysis and best execution.”
OneTick Database collects and processes millions of ticks per second on a single CPU and archives billions of ticks per day globally. The multi-asset class solution imposes no limitations on data volumes, peak rates or length of stored history, empowering users to access one integrated database for all their quantitative research needs – eliminating the need to license multiple disparate solutions and lowering the total cost of ownership, the firm said. Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio