10.19.2016

Miami International Holdings, Inc. Deploys OneTick for Its Second Exchange, MIAX PEARL  

10.19.2016

OneTick.com – Princeton, NJ –  OneMarketData, LLC (OMD), a leader in tick data management and analytics, today announced that Miami International Holdings, Inc. (MIH) has chosen OneTick, OneMarketData’s proprietary high-performance tick capture and streaming analytics engine, for its second electronic U.S. options exchange, MIAX PEARL (PEARL). The new exchange, expected to go live in February 2017, will leverage industry leading technology, infrastructure and risk tools to employ a maker/taker pricing, price/time allocation model.

OneTick is a proprietary time-series database and the only enterprise-wide solution which combines event stream processing and tick data management. OneTick provides firms with the ability to analyze and process data with greater sophistication by capturing, compressing, archiving and providing access to global real-time and historical data, up to and including the latest tick. It has no limitations on data volumes, peak rates or length of stored history and collects level one and full order book data across all asset classes, including options.

“The OneTick solution was an obvious choice for us based on the success of the initial implementation MIAX Options has with OneMarketData,” said Randy Foster, Senior Vice President – Business Systems Development of MIH. “Technology and system performance is a vital part of our business and our decision to work with them again is a testament to their products’ power and reliability.”

“We are pleased to be partnering with MIAX once again and are committed to providing them with the fastest, most efficient and reliable tick capture, storage and analytics database available. This is an exciting opportunity to provide a high-quality solution designed to meet the unique protection and performance demands of the equity options industry,” said Ross Dubin, Global Head of Sales at OneMarketData.

 

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