OneMarketData, the founders of OneTick, a single solution for event stream processing and time series management of historical and real-time tick data, today announced the acquisition of Virginia-based Tick Data Inc., a trusted and leading provider of historical intraday exchange time series data, for an undisclosed sum.
Tick Data Inc. will be a wholly owned subsidiary of OneMarketData and will continue to operate from their Virginia offices under the current management team.
"We are very excited about this acquisition," said Leonid Frants, founder and principal at OneMarketData. "Given the high level of interest we have experienced for our OneTickCloud platform since our launch earlier this year, it is clear that the market is rapidly adopting a Services approach for market data infrastructure and analytics. This move allows OneMarketData to expand and accelerate the scope of our Solutions, and provide users with a broad set of proven data and analytics. With the added capabilities of Tick Data Inc., we can meet the evolving needs of the marketplace and further differentiate our capabilities relative to competitive alternatives."
"There is such great synergy between our firms' respective areas of expertise," added Neal Falkenberry, President of Tick Data. "We look forward to offering our current and future clients the ability to further analyze high frequency market time series and reference data for back-testing, algo development, research and compliance."
This is the first corporate acquisition for OneMarketData, and a component to a broader strategic plan focused on the new challenges emerging across the financial industry. The company has seen a significant increase in market demand for its diverse array of data management and analytics solutions, including OneTickCloud, a subscription service offering access to over 200 global exchanges sources managed by our OneTick software, and the OneTick Market Surveillance Service, a hosted solution designed to perform intraday trade surveillance for executing brokers and market makers.