Reference Data Goes Global
OneMarketData, a provider of tick data management and analytics, has entered into a partnership with Wall Street Horizon (WSH) in order to enhance its historical reference and pricing data repository, OneQuantData, using WSH’s Single-Stock Events Calendar Data.
Launched in 2011,OneQuantData is a repository of historical reference and pricing data designed specifically for the global equities market. The system harnesses OneTick, a stream-based processing and tick data management platform.
“Trading firms are in a never ending race to find alpha in the market before their competitors do,” said Louis Lovas, director of solutions at OneMarketData.
“In a time when trading volumes are down and markets are increasingly challenging, it is more difficult to identify signals in the market that lead to alpha generating ideas,” Lovas said. “To achieve this, traders need access to broader data sets and the application of precision analytics to quickly identify and act on new opportunities as they arise.”
WSH’s Events Calendar Data is one of a number of new products on the OneQuantData platform. WSH’s feeds span historical, announced, forecasted and as-reported data on single-stock events. Time-stamped events history integrated into the OneQuantData platform includes earnings date confirmations, archived earnings calendars, earnings release actuals, and dividend announcements for 5,000 companies traded in North America.
“Quants continue to seek rich data sources that can drive better investment decisions. Corporate events, and announcements ahead of the events, can have a significant impact on strategies,” said Barry Star, managing director at Wall Street Horizon. “The declaration of a dividend or confirmation of an upcoming earnings date as well as the actual release of earnings, or the declaration as well as payment of a dividend, all present opportunities to trade on or step away from volatility. We’re pleased to bring accurate and detailed event-driven data to the OneQuantData platform.”
OneQuantData delivers access to multiple data types, including company and product information, corporate actions, earnings, daily prices and trading volumes, and allows quants to spend their time analyzing data rather than processing and maintaining symbol relationships and adjustments.
“We’ve seen an increased demand from our customers for expanded access to reference data sets, specifically corporate earnings data, and we have partnered with Wall Street Horizon to provide it,” said Lovas. “This partnership will enable our clients to correlate earnings announcements with movements in the stock price – which is just another way quantitative traders can find alpha.”
OneQuantData incorporates multiple data feeds from a variety of sources, which are combined, cleansed and normalized to produce a single consolidated database. Daily updates are managed by OneMarketData, as are tasks involved with maintaining product master data, including assigning ID numbers to new products, linking symbol changes and applying corrections when needed.
“With this new offering our clients will be able to gain an incisive view of what is happening in the market before an earnings announcement and after the earnings come out,” Lovas said. “They can then identify whether there’s an opportunity to go long or short the stock, either before or after an announcement.”
With Thejas Nalval, Co-Founder and Chief Investment Officer, Parataxis Capital
Corporate Sustainability Reporting Directive elevates sustainability information to same level as financial.
Essentia analyses data to create behavorial “nudges” for fund managers' investment decisions.
With Adam Conn, Head of Trading, Baillie Gifford
Partnership will develop a suite of U.S.-listed, physically backed ETFs.