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

OneMarketData Wins in Asia and Plans Front-Office Reference Data Product

Subscribe to our newsletter

OneMarketData has won its first OneTick customer in Asia and is planning the addition of reference data to the complex event processing (CEP) and tick data management solution.

The company’s entry into Asia is with SBI Securities, a large online securities firm in Japan. SBI went to market with a competitive tender for systems integrators to offer a complete solution to overhaul its in-house built technology architecture.

OneMarketData was selected as part of a group of vendors led by systems integrator Intelligent Wave, which has implemented its Will-Trade Feed Handler/Cache system at SBI as well as OneTick and the Informatica Ultra Messaging system. The platform went live in the second quarter and can support functionality including online charting and visualisation, order management, trade capture and analysis, and the automation of internal compliance and system checks.

According to Richard Chmiel, senior vice president at OneMarketData, “With about 2.5 million individual accounts, SBI wanted to revamp its technology architecture to support more throughput and lower latency. It also wanted more functionality. It considered what to build and what to buy, and in a market that is increasingly buying market data storage and analytics solutions decided to buy the OneTick solution as part of Intelligent Wave’s proposal.”

SBI is running OneTick in its own data centre and offers its online customers Japanese stocks, as well as some foreign exchange and futures trading. The securities firm represents OneMarketData’s first win in Asia, although Chmiel says he hopes to name another customer, a quant proprietary trading shop, in October or November and is working on software evaluations with both a bank and another proprietary trading shop in Australia.

Describing quant prop shops as OneMarketData’s sweet spot, Chmiel says the company’s forthcoming front-office reference data product, OneQuantData, is designed for quants needing reference data as well as OneTick’s historical and real-time tick data when researching equity and equity derivatives strategies. The company introduced OneQuantData quietly last year and has five US brokers and buyside firms up and running, but it is planning a higher profile re-release of the product in the fourth quarter of this year.

“The new version of OneQuantData will have the same data,” says Chmiel, “but it will be delivered differently as part of OneTick rather than as a separate file or addition to a company’s own database. With the addition of reference data to OneTick, users will have access to structured and unstructured data, reference and fundamental data, and the CEP engine.”

He continues: “There is plenty of data out there, but filtering it sensibly and making it usable in a timely manner is the trick. Tick data dwarfs reference data, but reference data is critical as without it tick data can be wrong.” Chmiel names Factset and Thomson Reuters as potential competitors with similar products, but reckons the new release of OneQuantData will outperform anything available in the market.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Risks and Opportunities of GenAI, Data Products Under the Microscope: DMS London Preview

Artificial intelligence has made it possible to extract critical data from unstructured sources at speed and at scale. But the headlong rush to adopt the sorts of tools that can mine this rich vein of information is exposing organisations to new risks. Generative AI, whose models are commonly applied to trawling PDFs, emails, financial reports...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Corporate Actions USA 2010

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...