Millburn is a multi-billion dollar money-management firm specializing in quantitatively-driven specialized portfolios of primarily futures and forward contracts. It also runs several fund-of-hedge-fund portfolios, and is itself a major investor in both categories of its own investment programs.
Built from the ground up for financial institutions, OneTick's enterprise-wide approach and built-in business logic offer minimal integration requirements, a short learning curve and a reduced time to production. Its high-performance, low-latency architecture manages all of a firm's tick data, and handles every conceivable tick data need, including: algorithmic, low-touch and program trading; statistical arbitrage and market making; regulatory compliance and surveillance; and alpha research and transaction cost analysis.
Grant Smith, Executive VP â Director of Research at Millburn, said, "In the past, we used an in-house tick-capture program, but with the proliferation of markets globally, and expanded trading hours, we realized that our home-grown engine would require major upgrading and extensive maintenance. OneTick offered us an extremely cost-effective, fast and highly scalable solution, and they proved to be a wonderful partner in expanding and enhancing their software to meet our specific needs. Our decision to use OneTick for real-time tick data management and analytic needs will help us substantially shorten the development cycle for our trading models, and will offer us a much wider range of analysis of market micro-structure."
OneTick's single-point solution is a powerful tick data management and research platform designed to handle all the tick data needs of a financial institution. It captures, compresses, archives, and provides uniform access to global historical data, up to and including the latest tick, with no limitations on data volumes, peak rates, or length of stored history.
"We are very happy to have been selected by Millburn for its enterprise-wide tick data management needs," said Leonid Frants, CEO of OneMarketData. "OneTick is the only tick data solution that was built by financial industry experts who had experience developing critical infrastructure for statistical arbitrage and algorithmic trading at Goldman Sachs and Morgan Stanley. That experience enabled us to build the only enterprise-wide tick data solution that meets the needs of each different department and can handle any type of asset class, including equities, options, futures, FX, fixed income and OPRA."
OneTick's user-extensible analytics process millions of ticks per second per CPU and work uniformly on historical, latest collected, and streaming data. It eliminates the need to duplicate code, allowing the same query to operate on historical and real-time streaming data. This enables clients to do both back-testing and real-time signal generation.