Source: Wombat Financial Software
Wombat Financial Software, the high-speed market data connectivity experts, and OneMarketData, a leading producer of enterprise tick data solutions for financial institutions, today publicly announced a partnership where Wombat will resell and integrate OneTick within Wombat's high performance market data platform.
Traders, analysts and technologists across the capital markets stand to benefit from the features and economic advantages this product can offer - the first tick capture and analysis solution built by algo trading veterans specifically for the particular challenges of this business.
OneTick was created by a team whose prior experience spans building algorithmic trading and statistical arbitrage systems for Goldman Sachs and Morgan Stanley. This experience was essential in giving them the vision to create a system from scratch specifically designed to handle the complexities of cross asset class tick data from many different sources. Accordingly, OneTick requires significantly less setup and management effort to operate than previous generation platforms. Furthermore, OneTick's approximately 5 to 1 compression ratio provides significant total storage cost savings.
"OneMarketData's mission is to leverage our first-hand business side experience and deep understanding of the tick data management problem to deliver to financial markets not just a product but a single-point solution," said Leonid Frants, CEO of OneMarketData. "We see Wombat as an ideal peer in that respect. Through Wombat's reach across the global capital markets and the strength of their high performance market data and messaging technologies, together we can offer compelling low latency tick capture solutions to satisfy the most demanding of customers."
Wombat is offering OneTick to the market today and is in active evaluations with customers. The two have linked their platforms through Wombat's MAMA and MAMDA APIs and will combine their complimentary strengths in a number of ways, including the combination of OneTick order book analytics with Wombat's SuperBook order book aggregator to provide a low latency and historical order book capture solution.
"OneTick is truly unique because it is the only market data analysis and tick capture solution that was designed, built and deployed from day one for the capital markets sector," said Tony McManus, Director of Algorithmic Trading Solutions at Wombat. "The decades of combined front-office experience that OneMarketData brings to the table is clear for all to see by simply accessing their system. We at Wombat are excited to have integrated OneTick into our platform and to be offering it as part of our Wombat Acumen algorithmic trading enterprise solution."