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

TickSmith Partners with Vela for TCA Solution

Subscribe to our newsletter

Montreal-based TickSmith has added Vela’s SuperFeed to the range of data feeds available to users of its high-performance database platform. A project to deliver a cloud-based transaction cost analysis (TCA) solution for a Tier 1 global investment bank was the catalyst for the partnership.

According to Francis Wenzel, TickSmith CEO, the unnamed investment bank was seeking to add a TCA capability to its automated trading environment, allowing it to understand the performance of its internal trading infrastructure and promote the quality of its execution services externally. The firm had also recently acquired a European operation and needed a platform to address the best execution requirements of MiFID II.

Having looked at a variety of options, the firm opted for Vela’s Superfeed, a consolidated data feed with coverage of more than 130 venues and liquidity sources. To expedite the project and to minimise cost, the firm elected to implement the solution in the Amazon Web Services (AWS) cloud environment, using TickSmith’s analytics platform as a data repository and analytics engine.

The solution captures and stores data from all exchanges, as well as data internal to the bank that is sourced from its order management systems (OMS). This allows it to offer a range of analytics functionality from TCA to point-in-time market statistics and order book replay.

The TickSmith platform is deployed as part of the client’s instance at AWS, where it receives data from SuperFeed using TickSmith’s own adaptor. The platform also receives data from client applications running in the same AWS instance.

The use of cloud is emerging as a viable option for trading-related use cases, Wenzel says. “Three years ago, people said you’d have to think twice to use cloud for these purposes. Two years ago, it was just an idea. A year ago, people started planning, and in the past 12 months firms are really doing this. Wenzel says the usual pushback from IT security elements within firms is dissipating, particularly because firms are able to use their own infrastructures within the AWS environment for a hybrid public-private cloud solution.”

Founded in 2012, TickSmith’s mission was to address the burgeoning issue of how to deal with capital markets data. At the time, Wenzel says, firms with more than five terabytes of data tended to struggle with their data. TickSmith launched to solve this issue using a Hadoop-based platform.

Since then, the company has built a modular platform, which is used by trading firms and trading venues alike. CME Group, for instance, now runs TickSmith’s data management platform in support of its exchange data feeds. As well as handling traditional data feeds, TickSmith is also used by firms to integrate alternative data from a number of third-party sources. Other use cases include factor modelability assessments for the upcoming Fundamental Review of the Trading Book (FRTB) regulation.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unlocking Competitive Edge with Outsourcing and Managed Services in Trading Technology

Outsourcing has emerged as a strategic solution for capital markets firms as trading technology infrastructures become more complex, data volumes grow exponentially, and regulatory pressures intensify. .By leveraging third-party expertise, firms can optimise operations, reduce costs, and focus on innovation in their trading technology stack. Outsourcing potentially enables firms to scale seamlessly, meet regulatory reporting...

BLOG

From Monolithic to Agile Architectures in High-Performance Trading Systems

In this special episode of FinTech Focus TV, filmed live at TradingTech Summit 2025 in Canary Wharf, Toby sits down with Jon Butler, Co-Founder & CEO at Velox, to explore the evolution of trading technology. From the rise of buy-and-build models to the real impact of AI and automation, Jon shares insights on what’s shaping...

EVENT

AI in Capital Markets Summit New York

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...