NYSE Launches Data-as-a-Service09.18.2013
NYSE Technologies, the commercial technology division of NYSE Euronext (NYX) and First Derivatives, a provider of software and consulting services to the capital markets industry, are collaborating to create a new suite of historical data ‘as a service’ solutions.
Combining NYSE Technologies’ historical and real-time data expertise covering cash, options, futures and corporate actions with First Derivatives’ products and market expertise, the Tick as a Service offering will build into a suite of innovative market services for clients to gain efficient access to large data stores for analytical back testing and compliance.
“By integrating First Derivatives’ suite of services with our diverse portfolio of technology solutions, including our consolidated feed service, we can offer comprehensive data collection, storage, and analysis ‘as a service’ to our entire global trading community,” said Jon Robson, CEO, NYSE Technologies. “This new service will allow participants to move from a client deployed to managed service for the storage, support and delivery of tick history infrastructure to back-test their algorithms and interrogate their data through a flexible, fully-managed solution.”
The Tick As A Service is the first of a number of historical data solutions NYSE will offer.
“Our collaboration with NYSE Technologies will deliver substantial benefits to clients – improving time to market while efficiently minimizing operational overhead and reducing costs,” said Brian Conlon, CEO, First Derivatives. “I am delighted that First Derivatives is forging a relationship with one of the most capable service providers in the global capital markets community who understand that the community needs managed solutions to address commoditized services and thus release capital for differentiating opportunities.”
NYSE Technologies offers a diverse array of products and services to the buy side including order routing, liquidity discovery and access to a community of over 630 broker-dealers and execution destinations globally; and to the sell side, including high-performance, end-to-end messaging software and market data products; and market venues and exchanges, including multi-asset exchange platform services, managed services and expert consultancy.
NYSE Technologies’ technology portfolio includes a broad array of real-time, historical and reference data alongside the capital markets community cloud, a hosted consolidated feed service (SuperFeed), and one of the world’s largest FIX-based order routing networks (Marketplace), all available across the Secure Financial Transactions Infrastructure (SFTI) network.
First Derivative’s flagship Delta suite of products include Delta Flow, Delta Data Factory, Delta Algo, Delta Margin and Delta Stream which are used in high volume, low latency environments. Combining key elements of each company’s product sets and unique functionality, NYSE Technologies and First Derivatives will develop a one-of-a-kind solution delivering an innovative suite of high-performance services that enhance real-time trading, CEP, market data and trading applications.
Launch follows successful implementation and testing of the initiative by BNP Paribas.
This will ease the process of gathering, aggregating and reconciling counterparty information.
The enhancements provide actionable insights within one click.
Real-time analytics that move from data to actionable information allows firms to save resources.
Standardised template will drive enhanced transparency and accountability.