Nordea Bank chooses OneMarketData for FX trading

Source: OneMarketData

OneMarketData, a leader in tick data management and analytics, today announced that Nordea Bank, a premiere financial services group in the Nordic and Baltic Sea region, has selected OneMarketData's OneTick, the single solution for tick data management, analytics and complex event processing (CEP), as its fully integrated system for electronic foreign exchange (FX) trading.

"With FX trading being one of the fastest growing asset classes for automated trading globally, more and more financial institutions are turning to high frequency and quantitative trading to increase profitability," said Richard Chmiel, vice president of global sales for OneMarketData, LLC. "By using OneTick, Nordea can now not only enter this new arena, but also stay ahead of the competition. With OneTick, Nordea will slash strategy development time and cost restraints by leveraging the only fully integrated platform for data capture, analysis and real-time signal generation."

After evaluating independent high-performance database and CEP vendors, Nordea chose OneTick for its unparalleled platform integration and low-cost ease of use. Built from inception as a single integrated system, OneTick CEP and Database empowers users to write a single set of code for historical analysis and real-time signal generation. Additionally, users can run queries that span historical and real-time data while applying OneTick analytics to these data processes.

OneTick's advanced functionality also significantly lowers the total cost of financial institutions' data infrastructures. With OneTick, users greatly reduce costs associated with licensing, installing and maintaining disparate data management and CEP systems by leveraging a single CEP and tick database solution that costs the same as most independent systems, which lack the ability to collect and analyze both historical and real-time data.

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