Danske Bank to employ OneTick data management platform

Source: OneMarketData

OneMarketData, LLC , the founders of OneTick, a single solution for event stream processing and tick data management, today announced that Danske Bank, the largest bank in Denmark and one of the preeminent financial institutions in Northern Europe, will be utilizing OneTick to handle their tick data needs.

With a primary focus on FX, Equities, and Indices, Danske is using OneTick to capture and store real time market data from Thomson-Reuters, Bloomberg, and others, in OneTick’s enterprise time-series tick database. Similarly Danske Bank is using OneTick to capture and store customer orders and executions, and to provide a rich platform through which their team of quants can create snapshots, modify ticks, and calculate execution quality analytics.

“What we need is a strategic, high-performance tick data management platform,” said Ken Robson, Global Head of Trading Technology at Danske Bank. “We look to capture, store, and make available both historic and real-time FX tick data, as well as internally derived tick data. OneTick provides a full arsenal of market adapters, high-performance storage and analytics to meet these objectives and more.”

“Efficient tick data management, in the face of the massive quantities of market data currently available to financial institutions, is vital in the quest for competitive advantage,” said Leonid Frants, founder and principal of OneMarketData. “We are pleased that Danske Bank has selected OneMarketData and OneTick to address these needs, and we look forward to seeing how they can utilize their resources and expertise to make full use of our data management platform.”

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 and standing out against similar systems.

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