Xenomorph, the leading provider of cross-asset data management solutions, and 4th Story, a specialist in algorithmic trading strategy and software, announced today that they have swiftly completed integrating Xenomorph's TimeScape and 4th Storyâs product suite to offer a best of breed solution for automated trading strategists.
The combined offering is targeted at hedge funds, proprietary trading desks and other financial institutions requiring high speed access to massive volumes of accurate time series and tick data for backtesting and operating automated and algorithmic trading strategies.
In order to gain and maintain competitive advantage, financial markets institutions must address the challenge of data quality and transparency in algorithmic trading. A key element in managing ever-larger universes of data is ensuring the data is accurate, since only with clean data can good trading models be built and executed. Risk managers and regulators have been aware of data quality as a key issue for the market and this same issue is equally relevant to algorithmic and automated trading.
âDeriving clean data for back-testing and automated trading is a key issue for our clients,â said Brian Sentance, CEO at Xenomorph. âBy combining the best in data management with the best in automated trading, Xenomorph and 4th Story are providing customers with the ability to automate the processing of data that matters, quickly eliminate data that doesnât and execute on trading opportunities.â
âTimeScapeâs extensive storage, data management and customisable analytics capabilities coupled with 4th Storyâs strategy back-testing and execution platform enables firms to exploit the upside of algorithmic trading more quickly and thoroughly,â said Steve Smith, CEO of 4th Story.