Penson acquires Tick Data

Penson acquires Tick Data

Penson Worldwide, a provider of execution, clearing, custody and settlement services, has acquired Tick Data, a Virgina-based supplier of historical intraday financial data, for an undisclosed sum.

Penson says Tick Data will operate within its recently-acquired Nexa Technologies subsidiary.

Eric Stoop, president, Nexa Technologies, says Tick Data's one-minute equity data and tick-by-tick futures and index data will be combined with Nexa's existing online, direct access and institutional brokerage trading systems.

Founded in 1984, Tick Data's product set includes the Tick Equity Database which contains tick-by-tick trade and quota data for every US equity back to 1993, the One-Minute Equity Database which features historical data on over 3600 US equity symbols back to 1993 and the Global Futures and Index Database which includes tick-by-tick futures and index data that goes back to 1974.

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