Millburn Selects Onetick For Firm-Wide Tick Data Management

Millburn Ridgefield Corporation has selected the OneTick platform for firm-wide tick data management and analytics needs. OneMarketData is a provider of real-time, and streaming tick data processing in capital markets. Millburn is a money-management firm specializing in quantitatively-driven specialized portfolios of primarily futures and forward contracts. It also runs several fund-of-hedge-fund portfolios, and is itself a major investor in both categories of its own investment programs.

Built from the ground up for financial institutions, OneTick's enterprise-wide approach and built-in business logic offers minimal integration requirements, a short learning curve and a reduced time to production. Its high-performance, low-latency architecture manages all of a firm's tick data, and handles every conceivable tick data need, including: algorithmic, low-touch and program trading; statistical arbitrage and market making; regulatory compliance and surveillance; and alpha research and transaction cost analysis.

"In the past, we used an in-house tick-capture program, but with the proliferation of markets globally, and expanded trading hours, we realized that our home-grown engine would require major upgrading and extensive maintenance," said Grant Smith, executive VP, director of Research at Millburn.

OneTick offered us an extremely cost-effective, fast and highly scalable solution, and they proved to be a wonderful partner in expanding and enhancing their software to meet our specific needs. Our decision to use OneTick for real-time tick data management and analytic needs will help us substantially shorten the development cycle for our trading models, and will offer us a much wider range of analysis of market micro-structure."