About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading 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: FRTB: What still needs to be done before the global deadline of January 2023?

While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away. For banks in scope of the regulation, the time to put necessary risk infrastructure and data...

BLOG

IHS Markit Releases Automated Onboarding Platform for Fund Managers and Administrators

IHS Markit has released Investor Onboarding, a fully hosted, digital onboarding platform enabling firms to automate, integrate and centralise onboarding and compliance obligations, while simplifying and accelerating the onboarding experience for investors. The platform allows users to input data once, creating a golden source that populates multiple forms, including subscription agreements and tax forms. Data...

EVENT

Data Management Summit Virtual (Redirected)

The Data Management Summit Virtual brings together the global data management community to share lessons learned, best practice guidance and latest innovations to emerge from the recent crisis. Hear from leading data practitioners and innovators from the UK, US and Europe who will share insights into how they are pushing the boundaries with data to deliver value with flexible but resilient data driven strategies.

GUIDE

Risk & Compliance

The current financial climate has meant that risk management and compliance requirements are never far from the minds of the boards of financial institutions. In order to meet the slew of regulations on the horizon, firms are being compelled to invest in their systems in order to cope with the new requirements. Data management is...