OneMarketData, the leader in tick data management and analytics, today announced that TradingScreen, the global leader in execution management systems (EMS), has selected OneMarketData's OneTick CEP and tick database solution to power its robust suite of trading screen analytics.
After a formal competitive evaluation, TradingScreen chose OneTick for its intuitive business logic and analytics as well as its low total cost of ownership. With OneTick, TradingScreen can now leverage a fully integrated library of more than 100 preprogrammed 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.
"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, vice president 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, chief executive officer 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."