Instinet and Jefferies sign up with OneMarketData

Source: OneMarketData

OneMarketData, LLC, the leader in tick data management and analytics, today announced that Jefferies, a major global securities and investment banking firm, has selected OneTick, the one solution for tick data management, analytics and complex event processing, as its high performance tick database, analytics and complex event processing (CEP) system.

"We are excited to provide Jefferies with OneTick, the only CEP engine and tick database built together from inception for the financial markets," said Richard Chmiel, vice president of global sales at OneMarketData. "With OneTick, Jefferies will receive unmatched data management and CEP functionality, eliminating the need for disparate systems as well as multiple sets of code."
Jefferies will use OneTick CEP and Database to support its algorithmic trading product strategy and offering as well as its quantitative-based trading. Through this implementation, Jefferies will be able to develop new algorithmic strategies quickly by relying on a single database and CEP system that can run analyses on historical and real-time data using the same set of code.
"In today's volatile markets, it is important that we have a data management and CEP system that empowers us to analyze market data and respond to new trends as they unfold," said Jatin Suryawanshi, managing director and head of Global Quantitative Strategies at Jefferies. "With OneTick CEP and Database, we now receive every tick as it happens along with an entire repository of historical data, allowing traders to rapidly build queries and run analyses from one unified system."
After a formal evaluation, Jefferies chose OneTick CEP and Database for its seamless CEP and database integration as well as its built-in analytics and low total cost of ownership. OneTick significantly lowers the costs associated with licensing, installing and maintaining disparate systems for data management and CEP, since its integrated solutions cost the same as most independent systems that lack the ability to collect and analyze historical and real-time data.

Separately OneMarketData today announced that Instinet, a global leader in electronic trading and agency-only brokerage services, has selected OneTick, the one solution for tick data management, analytics and complex event processing, as its high performance tick database and analytics system.
"We are excited to provide Instinet with this comprehensive solution," said Richard Chmiel, vice president of global sales at OneMarketData. "With OneTick Database, Instinet can leverage one fully integrated platform for tick data collection, storage, retrieval and analysis"
"With clients increasingly leveraging our Instinet Insight TCA suite, it is essential that we employ an integrated tick data management system that can collect, store and analyze all types of data efficiently," said Richard Jones, Managing Director, Technology, at Instinet. "OneTick Database's scalable architecture and built-in business logic empower us to do this all from one centralized platform, enabling us to evaluate transaction costs rapidly."

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