FCA SELECTS ONETICK TO POWER MARKET SURVEILLANCE SYSTEM
FCA Selects OneTick to Power Market Surveillance System
OneMarketData, LLC today announced that the Financial Conduct Authority (FCA) has selected OneTick Surveillance to deliver its core market surveillance and visualization system. The cloud-based service will provide the regulator with new tools to detect and investigate market anomalies, and help to protect the integrity and orderly functioning of financial markets in the United Kingdom.
The FCA selected OneTick Surveillance in a competitive tender process involving 15 providers. The delivered service detects potential cases of insider dealing, market manipulation, and monitors for market disruption in real time. The service will also help the FCA's Market Oversight team supervise the suspicious transaction and order reporting (STOR) regime.
“We’re very proud to provide the FCA with a surveillance solution,” said Dermot Harriss, Senior Vice President of Regulatory Solutions at OneMarketData. “The service we’ve built for them is secure, programmable, will dynamically scale to meet increasing market volumes, and will allow the FCA to adapt to new risks to the integrity of our financial markets.”
Created to be a modern, easy-to-use, cost-effective surveillance solution for small firms, OneTick Surveillance now provides a cross-asset, multi-regime solution for market participants of all sizes. Current customers include asset managers small and large, retail brokers, FCMs, banks, market makers, market operators, and regulators. The system gives users confidence they’ll meet their regulatory obligations even in periods of high volatility. It offers the scalability, reliability, simplicity, support, user customization, and ease of use that firms need, all in a cost-effective package. The cloud-based offering includes global equities, options, futures, and FX market data. It allows users to triage alerts in browser-based dashboards and design custom compliance workflows.
OneMarketData is a leading provider of software solutions for the financial industry. Our OneTick platform is a smarter data management solution to get you in the game now. OneTick is a comprehensive suite for time-series data management, real-time event processing and analytics to address the most demanding requirements. Equity, Futures, and Options proprietary traders, hedge funds, asset managers, and investment banks can leverage the built-in capabilities of OneTick for quantitative research, transaction cost analysis, surveillance, and back testing. Built by Wall Street experts, the OneTick suite of products is an enterprise-wide tick data capture and storage solution offering analytical modeling tools, global history across equities and futures markets and reference data. In 2015, OneMarketData acquired Tick Data, LLC, the first and leading provider of historical intraday market data, to marry the industry’s most powerful analytics platform with the cleanest, most reliable historical intraday data available. More information about OneMarketData is available at www.onetick.com.