Jeffries selects OneMarketData's OneTick CEP and Database for historical and real-time collection and analysis of global equities tick data
New York, N.Y., June 23, 2010 - OneMarketData, LLC, the leader in tick data management and analytics, today announced that Jefferies, a major global securities and investment banking firm, has selected OneTick, the one solution for tick data management, analytics and complex event processing, as its high performance tick database, analytics and complex event processing (CEP) system.
"We are excited to provide Jefferies with OneTick, the only CEP engine and tick database built together from inception for the financial markets," said Richard Chmiel, vice president of global sales at OneMarketData. "With OneTick, Jefferies will receive unmatched data management and CEP functionality, eliminating the need for disparate systems as well as multiple sets of code."
Jefferies will use OneTick CEP and Database to support its algorithmic trading product strategy and offering as well as its quantitative-based trading. Through this implementation, Jefferies will be able to develop new algorithmic strategies quickly by relying on a single database and CEP system that can run analyses on historical and real-time data using the same set of code.
"In today’s volatile markets, it is important that we have a data management and CEP system that empowers us to analyze market data and respond to new trends as they unfold," said Jatin Suryawanshi, managing director and head of Global Quantitative Strategies at Jefferies. "With OneTick CEP and Database, we now receive every tick as it happens along with an entire repository of historical data, allowing traders to rapidly build queries and run analyses from one unified system."
After a formal evaluation, Jefferies chose OneTick CEP and Database for its seamless CEP and database integration as well as its built-in analytics and low total cost of ownership. OneTick significantly lowers the costs associated with licensing, installing and maintaining disparate systems for data management and CEP, since its integrated solutions cost the same as most independent systems that lack the ability to collect and analyze historical and real-time data.
OneTick Database and CEP collect and process millions of ticks per second on one CPU and archive billions of ticks per day globally, providing uniform access to all tick data, up to and including the latest tick. A multi-asset class solution, OneTick includes an easy-to-use graphical user interface to access all data including equities, fixed income, futures, FX and options, as well as full order book data. With no limitations on data volumes, peak rates or length of stored history, it allows users to access one integrated database for all quantitative research needs.
About OneMarketData
OneMarketData is a leading provider of enterprise tick data solutions for financial institutions worldwide. OneTickTM, its flagship product, is a comprehensive business solution designed to fully address the market's need for intraday data collection, archiving, retrieval, and analytics across a wide spectrum of users from various departments. The OneTick Platform includes high-performance OneTick Archive and In-Memory Databases, OneTick Event Processing Engine, OneTick Analytics, and a wide array of Adapters to standard sources of historical and real-time tick data. Conceived to specifically address the requirements of the financial sector, OneTick's architecture and extensive built-in domain expertise offers low integration and operation costs, and fast deployment. More information about OneMarketData is available at www.onetick.com.