Lime Brokerage, a provider of ultra-low latency trading technologies, entered into a re-distributor agreement with OneMarketData, the founders of OneTick, a solution for complex event processing (CEP) and tick data. Both companies will provide hosted on-demand analytics for real-time and historical market data covering all major U.S. equities and derivatives markets through OneTick.
At presstime, no name for the solution was provided in the press statements.
The new solution will deliver an on-demand cloud service that enables quantitative research, rapid design and back-testing of algorithmic trading strategies using deep history across a wide range of markets. The partnership will also help to position clients to go to market with new ideas quicker and empower them to achieve greater returns by giving them freedom to analyze as opposed to process their data.
"The competitive landscape for algo traders gets tougher each day, leading us to seek market data management solutions that can give our clients an edge over other industry players," says Jeff Bell, CEO, Lime Brokerage. "With the ability to capture massive amounts of market data across a wide range of markets, OneTick deploys robust new trading strategies to stay ahead of the curve."
The combined strength of Lime Brokerage's end-to-end solutions and infrastructure for algo trading, and OneTick's historical tick data management, analytics and quantitative research, creates a complete solution for firms looking to concentrate on strategy design and returns and not technology," says Leonid Frants, president and founder of OneMarketData.