OneMarketData, LLC, the creators of OneTick, the solution for event stream processing and tick data management, announced the launch of OneTick Elastic Analytics, a new platform for scalable analytics and data as a hosted service.

This offering will showcase how cloud capabilities can support faster analytics, back-testing and client reporting by leveraging elastic cloud resources to support business decisions, compute-heavy processes and development projects.

The use of cloud computing has become increasingly prevalent for many firms, primarily for storage and compute-intensive valuation processes. Along with the obvious cost advantages of cloud versus on-site computing, the additional benefits of employing elastic cloud resources within organizations include rapid scalability and solution flexibility.

“Over the past several years, and particularly since we began providing hosted solutions, the demand among our customers for a public cloud offering has been tremendous,” said Leonid Frants, President and Founder of OneMarketData. “It’s clear to see why – the rapid elasticity gives users an ability to scale massive computing power to their demands in a way that would simply be unimaginable a decade ago.”

OneTick Elastic Analytics is a managed service of normalized and cleansed exchange and OTC data and analytics to support backtesting, algo development, transaction cost analysis, technical studies and charting. It provides on-demand analytics for creating custom datasets using OneMarketData’s market leading enterprise data management.