Sell-Side Technology Awards 2013: Best Big Data Technology Provider to the Sell Side ─ OneMarketData

But the concept of big data is somewhat nebulous and therefore relative in the sense that what might be considered "big" from the perspective of one firm might not necessarily qualify for the big data moniker at another. But regardless of where big data starts and finishes, what is not up for discussion is the understanding that financial services firms need to manage, mine, interrogate and govern the data upon which their business is predicated, especially when it comes to arguably their two most crucial business processes: trading and risk management.

OneMarketData's OneTick platform, which wins the category of best big data technology provider to the sell side, is designed to help sell-side firms carve out a competitive advantage by allowing them to manage large volumes of tick data emanating from many different sources across multiple asset classes.

According to the Hoboken, NJ-based vendor, a successful big data application must be able to map ticker symbols across a global universe of exchanges and geographies, while accurately reflecting pricing through cancellations, corrections, corporate actions, and symbol changes. These functions are OneTick's bread and butter, an offering that combines complex-event processing (CEP) and tick data management in a single application, currently used by a number of the sell side's major players, including Goldman Sachs, Morgan Stanley, and JPMorgan, which harnesses OneTick to run historical simulations and back-tests, develop trading and market-making strategies, build transaction-cost models, perform real-time surveillance, and answer regulatory compliance requirements.

During 2012, OneMarketData added four sell-side clients to its roster, including Lloyds Bank, which uses OneTick to underpin its internal operations with quantitative research; Coastal Trade Securities, a broker-dealer registered with the Securities and Exchange Commission (SEC); and SBI Securities, an online broker in Japan, using the platform to enhance alpha and increase performance through efficient data management.

According to the Hoboken, NJ-based vendor, a successful big data application must be able to map ticker symbols across a global universe of exchanges and geographies, while accurately reflecting pricing through cancellations, corrections, corporate actions, and symbol changes.

ONEMARKETDATA REACTION

"We are honored to receive Sell-Side Technology's recognition as the best big data provider for sell-side firms. In order to trade profitably and service customer order flow in the current market environment, firms need to effectively manage massive amounts of cross-asset-class financial data necessary for model development and validation. Winning this award demonstrates the strength of our CEP and tick database technology to create an unparalleled big data solution that helps firms better analyze and understand their data, and which helps drive the development of better, more profitable trading strategies."

Leonid Frants, founder and CEO, OneMarketData