TickSmith's TickVault Platform was recently implemented for use by National Bank of Canada. Based on Hadoop technology, TickVault accumulates and rebuilds all Canadian stock trading activity and is used for post-trade analysis and back testing.
Global Equity Derivatives Group (GED) at National Bank is a leader in market-making of exchange-traded securities such as stocks, Exchange Traded Funds, futures and options. In addition to its traditional trading activity, GED is active in: program trading; creation and distribution of structured investment products; custom hedging solutions; and the development, structuring, sales, research and market-making of Canadian ETFs.
"Accumulating and working with growing scales financial data, particularly trade and quote history, was proving problematic for our Global Equities Derivative Group. Traditional technologies and relational databases could not keep up," said Pascal Bergeron, Director of Algorithmic Trading.
"With a specialized solution based on Hadoop, data manipulations that took days are now done in minutes. This is opening up many interesting possibilities."
"TickVault provides data management for the new generation of big data scientists," said David Cote, CIO of TickSmith. "It is ready to use and easy to manage, and it leverages the scalability and open nature of the Hadoop ecosystem."
TickVault is an end-to-end platform that includes ETLs, business logic and analytics, workflow, process monitoring and data delivery. Trading groups typically use it to centralize terabytes and petabytes of data received from quote feeds, trading systems, event feeds and more. The platform provides easily access to data, analytics, time-series and reports via point-and-click interfaces and APIs.