Cambridge Asset Manager AlphaSimplex Opts for OneTick

The firm said OneMarketData's platform will help it make trading decisions and improve the storage of historical and real-time data.

AlphaSimplex, a Massachusetts-based asset management firm, said it will use OneMarketData's platform to both analyze and store real-time and historical market data.

AlphaSimplex said it will use the OneTick system to aid its trading and risk management strategies. OneMarketData said the platform is aimed at helping hedge funds and asset managers boost their quantitative research, develop strategies, conduct back testing and executive algorithmic trades.

One of its key features, the vendor added, is its ability to quickly weed through mountains of tick data to make trading decisions smarter and faster.

"We wanted a superior data management system that would allow us to develop and execute intra-day trading strategies for today's fast-moving global markets and OneTick really impressed us," AlphaSimplex vice president Philippe Ludi said in a statement.

"Rather than just helping us process our tick data, OneTick provides us with tools to analyze the tick data."