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Jefferies and Instinet Select OneMarketData

Firms leverage an integrated platform for tick data, analytics and complex event processing without requiring disparate systems.

Today, OneMarketData, LLC announced two customer wins: Jefferies, the global securities and investment-banking firm, has selected One Tick as its high performance tick database, analytics and complex event processing (CEP) system. In addition, Instinet, the provider of electronic trading and agency-only brokerage services has chosen OneTick has its as its high performance tick database and analytics system.

According to the company, OneTick is the only CEP engine and tick database built together from inception for the financial markets, eliminating the need for disparate systems and multiple sets of code.

In an interview at the SIFMA Financial Services Technology event, Lenard Frants, founder and principal of OneMarketData, said this could save financial firms hundreds of thousands of dollars. “One Tick automatically behind the scenes uses a database as CEP generates new trading statistics,” said Frants. “Everything is written straight into the database for storage for reply and for backtesting,” says Franz.

Jefferies will use OneTick CEP and its database to support its algorithmic trading product strategy and offering as well as its quantitative-based trading, according to the release. 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.

OneTick Database collects and processes millions of ticks per second on a single CPU, and archives billions of ticks per day globally, providing uniform access to all tick data, up to and including the latest tick.

“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,” commented Jatin Suryawanshi, managing director and head of Global Quantitative Strategies at Jefferies, in the release. “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 thorough evaluation, Jefferies chose OneTick for its seamless CEP and database integration as well as its built-in analytics and low total cost of ownership.

Instinet will utilize One Tick for its Insight TCA suite. “With clients increasingly leveraging our Instinet Insight TCA suite, it is essential that we employ an integrated tick data management system that can collect, store and analyze all types of data efficiently,” stated Richard Jones, Managing Director, Technology, at Instinet, in the release. “OneTick Database’s scalable architecture and built-in business logic empower us to do this all from one centralized platform, enabling us to evaluate transaction costs rapidly.”

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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