OneMarketData, a leader in financial tick data management and analytics, today announced that Scottrade, a leading branch-supported online investment company, has selected OneMarketData's OneTick for tick data storage and management.
OneTick will be deployed as a tick data repository and analytics platform across certain Scottrade applications.
"We have always aimed to provide exceptional investment solutions and trading experiences to our clients, who look to us to help them get an edge in the marketplace," said Ian Patterson, CIO at Scottrade. "OneTick will help us to continue to work to deliver that competitive advantage by providing scalable and fast access to the ever growing quantities of real-time and historical tick data that cross our systems every day.
"Scottrade has long offered its clients real-time market data and news within its trading websites, which are necessary tools in today's fast-paced markets" said Richard Chmiel, Vice President for Global Sales and Marketing of OneMarketData. "By integrating OneTick into its current systems, Scottrade can seamlessly manage massive volumes of tick data across the enterprise."
Built from inception as a single integrated system, OneTick CEP and Database uniquely enables users to write a single set of code for historical analysis and real-time signal generation. Users can apply OneTick analytics to queries that span historical and real-time data with a significantly lower total cost of ownership than similar systems. Users will benefit from reduced costs connected with licensing, installing and managing disparate data management systems, which lack the ability to collect and analyze historical and real-time data.