OneMarketData, LLC, the creators of OneTick, the premier solution for event stream processing and tick data management, today 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.
OneMarketData is a leading provider of software solutions for the financial industry. Our OneTick platform is a smarter data management solution to get you in the game now. OneTick is a comprehensive suite for time-series data management, real-time event processing and analytics to address the most demanding requirements. Equity, Futures and Options proprietary traders, hedge funds, asset managers and investment banks can leverage the built-in capabilities of OneTick for quantitative research, transaction cost analysis, surveillance and backtesting. Built by Wall Street experts, the OneTick suite of products is an enterprise-wide tick data capture and storage solution offering analytical modeling tools, global history across equities and futures markets and reference data.