SocGen moves to OneTick Database and CEP for e-FX trading

Source: OneMarketData

OneMarketData, LLC, the leader in tick data management and analytics, today announced that Société Générale Corporate & Investment Banking has selected OneMarketData's OneTick™ Database and CEP as its fully integrated tick data management, analytics and complex event processing (CEP) system for electronic foreign exchange (FX) trading.

Société Générale selected OneTick to replace its current system based on its ability to seamlessly manage exploding data volumes and meet the firm's low-latency needs.

The FX division will use OneTick for pre- and post-trade analysis and data storage as well as real-time production monitoring and back-testing of strategies and algorithms. OneTick will store and analyze Société Générale's internally generated prices and data while also providing access to various vendors' full and conflated feeds.

Richard Chmiel, Vice President at OneMarketData, said, "With OneTick, Société Générale's FX team will be able to tap into the platform's speed and scalability to manage growing data volumes and deliver robust and precise analytics. They will also be able to lower their total cost of ownership while still maintaining the speed and performance necessary to compete in this market."

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