Mismi, Inc. chooses OneMarketData's OneTick Database as its tick data management and analytics platform for internal research and development.
New York, N.Y., October 14, 2009- OneMarketData, LLC, the leader in tick data management and analytics, today announced that Mismi, Inc., a next-generation crossing system that gives traders greater control over trading outcomes, has licensed OneTick Database, the one solution for tick data management, analytics and complex event processing (CEP), as its data management solution to support its algorithmic trading as well as pre-trade and post-trade reporting.
"We are pleased to provide a solution that will empower Mismi to harness the power of its data," said Leonid Frants, founder and principal of OneMarketData. "With OneTick Database, Mismi will be able to capture, store, retrieve and analyze real-time streaming and historical market data for all its algorithmic trading and trade reporting needs."
Mismi selected the OneTick Database solution for its ability to combine real-time and historical tick data for pre-trade and post-trade reporting as well as its low total cost of ownership. In addition, Mismi was impressed with OneTick's built-in business logic and analytics which can be run on queries spanning both historical and real-time tick data, eliminating the need for disparate database and CEP solutions.
"At Mismi, we are committed to empowering our users to preserve predicted returns and meet critical investment objectives while trading," said Andrew Papandreadis, president of Mismi, Inc. "With OneTick, we can better meet this goal by performing critical trade reporting to ensure our platform meets the needs of all clients and users."
OneTick's low-latency architecture and ability to collect and process millions of ticks per second on a single CPU as well as archive billions of ticks per day globally, provide uniform access to all tick data, up to and including the latest tick. It also empowers users to write real-time queries on streaming real-time and historical tick data.
A multi-asset class solution, OneTick Database allows clients to leverage 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. It also compresses, stores and analyzes all kinds of data uniformly - whether it is tick data, daily pricing data, reference data or news data.
In addition, OneTick Database easily tackles rapidly rising data volumes and real-time data rates, while servicing multiple concurrent user queries on large datasets that span decades. With no limitations on data volumes, peak rates or length of stored history, OneTick empowers users to access one integrated database for all quantitative research needs.
About Mismi
Founded in September 2007, Mismi's management team and board members have decades of experience in crossing, optimization-based portfolio construction, and portfolio trading. The company is fully funded by venture capital firms with substantial experience in financial services. Mismi's initial offering-a unique call-market crossing solution-is scheduled for launch in the fourth quarter of 2009. Mismi is a spin-off of Axioma, Inc., a leading developer of risk analysis, portfolio rebalancing and performance attribution products. For more information on Mismi, please visit www.mismi.com.
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.