OneMarketData, LLC, the creators of OneTick, the premier solution for event stream processing and tick data management, today announced that TORA, a global leader in technology for investment managers, has gone live with their OneTickCloud service.
TORA solutions span the entire trading process, offering a full suite of execution and pre/post trade compliance tools as well as order, portfolio and risk management capabilities in global markets. Customers include hedge funds, mutual funds and sell-side proprietary trading desks.
“Our clients depend on us as a broker-neutral, independent source of post-trade transaction cost analysis. When we first built our TCA platform we were focusing on Asian markets and managing our own tick database. Later we expanded our offering to include markets in the Americas and Europe and the size of our tick database grew to include over 50 billion data points. This made it increasingly expensive and cumbersome to maintain as we were looking for a solution that enabled us to remove the requirement for local hardware, data collection and maintenance. The OneTickCloud provides us with cleansed and normalized data, taking the headache out of sourcing tick data,” said Gerrit van Wingerden Managing Director at TORA.
“OneTickCloud eliminates the need for local hardware, data collection, and data maintenance, letting you focus on application development by relying on a trusted source of time series data and analytics,” said Ross Dubin, Global Head of Sales at OneMarketData. “We’re looking forward to working with TORA over the next few months to ensure they utilize our data management platform to its full potential ensuring the maximum efficiency for their business.”
OneTickCloud is the managed service of normalized and cleansed exchange and OTC data and analytics to support backtesting, algo development, transaction cost analysis, technical studies and charting. OneTickCloud is a securely-hosted managed data and analytics service supporting global equities and futures tick history, reference data, and adjustment factors. It provides on-demand analytics for creating custom datasets using OneMarketData’s market leading enterprise data management.