OneMarketData, LLC, a comprehensive provider of processing and tick data management, has extended its OneTick solution to Danske Bank, one of the largest banks in Northern Europe.
OneTick is a comprehensive solution for event stream processing and tick data management. The function is used by a variety of trading venues and service providers in the financial industry.
Danske Bank has integrated the OneTick solution for its tick data needs. Given the group’s integral focus on foreign exchange (FX), equities, and indices, Danske has opted to utilize OneTick to help capture and store its comprehensive market data from an assortment of providers such as Thomson-Reuters and Bloomberg, among others.
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According to Ken Robson, Global Head of Trading Technology at Danske Bank in a recent statement on the utilization: “What we need is a strategic, high-performance tick data management platform. We look to capture, store, and make available both historic and real-time FX tick data, as well as internally derived tick data. OneTick provides a full arsenal of market adapters, high-performance storage and analytics to meet these objectives and more.”
“Efficient tick data management, in the face of the massive quantities of market data currently available to financial institutions, is vital in the quest for competitive advantage. We are pleased that Danske Bank has selected OneMarketData and OneTick to address these needs, and we look forward to seeing how they can utilize their resources and expertise to make full use of our data management platform,” added Leonid Frants, founder and principal of OneMarketData.
Last month, Orc Group (STO:ORC) launched a partnership with OneMarketData to assimilate the OneTick product into its Bricks and Execution Bricks platforms. The partnership and integration was made to help shore up client needs for analytics and regulatory compliance, namely ahead of the MiFID II/MiFIR rollout, which is slated to become effective on January 3, 2017.