About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

MarketPrizm Latest to Offer Tick Data as a Service

Subscribe to our newsletter

Managed connectivity and co-lo specialist MarketPrizm plans to introduce a hosted tick database of global exchange data in Q4 of this year, representing the latest vendor to offer tick data as a service to trading and investment firms looking to leverage it for algorithmic backtesting and quantitative analysis.

MarketPrizm’s service – available initially in its London data centre, and later at its Tokyo facility, will at first cover the past three months of historical data from the equities, commodities and derivatives exchanges that the company provides real-time data for.

Conceding that other vendors offer similar services, the company suggests the quality of its data is a differentiator – providing full order depth and records timestamped at the source co-location data centre. Such attributes are useful, in some cases essential, to quants and other trade algorithm builders in designing and testing strategies.

Among those that MartketPrizm will compete with are NYSE Technologies, with its 1010Data-powered Market Data Analytics Lab and TAQ offerings, Nasqaq OMX with its Market Replay Services (built on cloud technology from Xignite and Amazon Web Services), SpryWare’s HDS OnDemand, OneMarketData’s OneQuantData service, and Thomson Reuters’ Tick History Service (with two petabytes of data from as far back as 1996).

All of these services demonstrate the model of delivering big data content via a hosted/cloud environment, removing much complexity involved in data management and infrastructure operations. Combined with trading and investment applications also being hosted in a cloud environment, the architecture also overcomes the movement of large volumes of data via relatively slow and expensive wide area connectivity.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlock the Future of European Equities & Trading Technology: 2024 and Beyond!

In a world where the financial landscape is perpetually evolving, 2023 has brought widespread discussions around liquidity, regulatory shifts in the EU and UK, and advancements like the consolidated tape in Europe. For the year ahead in 2024, the European market is poised for transformative changes that will influence the future of trading technology and...

BLOG

Why “Last Look” Needs a New Look

By Daniel Chambers, BidFX, Head of Data & Analytics at BidFX (an SGX company). For what seems like an eternity now, the controversy surrounding “last look” has hung over the FX industry like a dark cloud. The practice involves a liquidity provider, like an investment bank or market maker, rejecting or requoting a trade after...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Data Lineage Handbook 2019

Welcome to our latest handbook on data lineage, a critical concern for data managers working to achieve regulatory compliance, deliver operational gains, and provide meaningful value to the business. The handbook covers the complete scope of data lineage, with a view to helping you win management buy-in and budget, decide whether to build or buy...