TickSmith Announces its Partnership with Vela to Provide Financial Institutions with Storage and Analytics Capabilities on Streaming Market Data
The partnership now provides clients with an ultra-low latency market data stream and facility to store and query that data in addition to various advanced analytics.
Montreal, QC: TickSmith, a software company that combines cutting-edge data management technology and deep knowledge in Capital Markets, has partnered with Vela, a leading independent provider of trading and market access technology for global multi-asset electronic trading. TickSmith’s big data based Analytics Solution is now compatible with Vela’s market data feed, SuperFeed.
Vela’s SuperFeed provides high quality, low-latency normalized market data without the need for any client infrastructure. With access to over 130 global data sources, SuperFeed delivers the levels of performance, availability, and reliability required of a trading quality market data feed. TickSmith’s Analytics Solution captures, normalizes, stores, analyzes, and distributes real-time streaming and historical data. It can also provide comprehensive analytics for trading and compliance such as transaction cost analytics, market participation analytics, point in time market statistics and order book replay.
The partnership provides Capital Market firms with a robust and fully-integrated solution that can be deployed quickly and effectively, thus provisioning data scientists, market makers, compliance officers and trading desks with normalized datasets for a broad range of Capital Market applications. The combined solution is currently being deployed on AWS with a major US investment firm.
David Cote, COO of TickSmith, says, “Our priority is to provide a high quality data management solution from ingress to egress of the data pipeline,” adding, “We are confident that our technology will add a significant advantage for Vela clients who wish to fuel their internal applications with historical market data as fast as possible.”
“With Vela’s SuperFeed, financial institutions benefit from the simplicity, agility, and cost efficiency of a low-latency normalized market data feed with access to major markets across the globe,” said Ollie Cadman, Global Head of Product Management and Business Operations at Vela. “This partnership with TickSmith integrates SuperFeed with their state-of-the-art turnkey solution for Transaction Cost Analysis. We’re excited to partner with TickSmith and look forward to continue working together to help our other mutual clients simplify electronic trading.”
TickSmith specializes in Big Data technology and believes the increase in quantity and variety of data is a once in a generation change in Capital Markets infrastructure requirements. Driven by more data intensive data requirements for trading, compliance, artificial intelligence and machine learning, there has never been so much traditional and alternative data to work with. TickSmith’s highly scalable GOLD Platform, built on open-source technologies, is crucial in today’s data-driven world.
Vela is a leading independent provider of trading and market access technology for global multi-asset electronic trading. Our software enables clients to rapidly access global liquidity, markets, and data sources for superior execution. We help firms successfully differentiate and innovate in an ever-changing, increasingly-regulated and fiercely-competitive landscape, while also reducing total cost of ownership.
Vela’s ticker plant, execution gateways, trading platform, and risk and analytics software deliver a unique, ultra-low latency technology stack to simplify and streamline electronic trading. We leverage the latest innovations in technology to deliver cutting-edge performance, features and reliability. Our modular stack provides access to a comprehensive set of trading, data and risk APIs and can be delivered as-a-Service from multiple co-location data centers globally.
With access to more than 250 venues, Vela provides global coverage across all major asset classes. Clients are supported by an award-winning team of technical and business experts available 24×7 from our multiple offices in the US, Europe, and Asia. Vela’s clients include traders, market makers, brokers, banks, investment firms, exchanges, and other market participants.
Visit us at www.tradevela.com. Follow us on Twitter @TradeVela.