Denmark’s Danske Bank has selected OneMarketData’s OneTick data management platform to handle its tick data needs.
OneTick, which is built as a single integrated system, enables users to create a single code-set for historical analysis and real-time signal generation. Applying OneTick analytics to historical and real-time data queries helps users reduce total ownership costs.
With an integral focus on FX, Equities, and Indices, the Danish bank has opted to leverage OneTick to help capture and store its real time market data from an assortment of providers including Thomson-Reuters and Bloomberg.
The solution will also help the bank capture and store customer orders and executions, and offer a platform for its team of quants to create snapshots, modify ticks, as well as calculate execution quality analytics.
Danske Bank global head of trading technology Ken Robson commented:"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."