OneMarketData, LLC, the founders of OneTick, a single solution for real-time streaming analytics and tick data management, today announced that Edelweiss Financial Services Ltd. (Edelweiss), one of India's leading diversified financial services firm has selected OneTick as its market data collection, analytics and tick data management platform.
Edelweiss is utilizing OneTick's powerful analytical tools to conduct in-depth quantitative research across the entirety of Indian markets including equities, futures and options. Edelweiss is the first India based entity to use OneTick to build and test mathematical algorithmic trading models for the Indian markets.
OneTick gives Edelweiss's quantitative research team the ability to seamlessly handle the vagaries of market data including mapping ticker symbols across all Indian equity markets, account for exchange cancellations and corrections, insert corporation action price and symbol changes, define futures rolls, and filter outliers for a cleansed, high-quality dataset. By having OneTick manage all its market data activities, Edelweiss can concentrate on growing its business by solving business problems, not administrating data. With clean, easy-to-use data, Edelweiss can focus on research and trading.
"The OneTick platform enables us to capture real-time market data directly from all Indian exchanges and store it in OneTick's special structures to efficiently manage all aspects of market data. The structures work seamlessly with their powerful query language and help consolidate the quant research, trading model development, signal generation and post trade TCA onto a single unified multi-asset platform," said Mayank Toshniwal, Senior Vice President at Edelweiss.
"Cutting edge technology like OneTick is making a sweeping transformation in trading styles as the accelerating use of algorithms create a more competitive environment," said Richard Chmiel, Senior Vice President at OneMarketData. "We are pleased to provide Edelweiss with the necessary research and analytical tools to stay on top of the ever-evolving market."
Built from inception as a single integrated system, OneTick allows users to create a single code-set for historical analysis and real-time signal generation. Users are able to apply OneTick analytics to historical and real-time data queries, significantly lowering the total cost of ownership. Users benefit from minimized costs related to licensing, installing and overseeing various data management systems which don't have the ability to collect and analyze both historical and real-time data.