19.10.2015 09:11:00
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Orc Adds OneTick Data Management to Strengthen MiFID II-Compliant Solutions Offering
Orc (STO:ORC), the global market leader in electronic trading technology for listed derivatives, today announced a partnership with OneMarketData, LLC, to make OneMarketData’s flagship OneTick product an integral component of Orc’s Trading Bricks and Execution Bricks platforms.
OneTick’s enterprise data management platform will be offered as part of Orc’s hosted solutions offering, specifically to address present and future client needs for analytics and regulatory compliance. OneTick delivers clean, consistent, normalized real-time and historical global market data and analytics.
Orc is currently adapting its technology platforms, as well as updating its solutions offering, to meet client needs arising from new European financial market regulations, including MiFID II/MiFIR, which will become effective on January 3, 2017.
"The new European regulatory requirements translate to a need to collect, standardize, analyze and present massive amounts of data,” said Christer Wennerberg, Head of Market Structure, Orc Group. "The challenge lies not only in saving data to comply with market surveillance and audit obligations, but to make it useful and available for clients. This is where Orc can add great value together with OneTick – the obvious first choice for complementing our trading and execution platforms with data management and analytics functionality.”
MiFID II will introduce new compliance oriented regulation, such as investor protection ("Best execution”), surveillance and audit obligations, while also acting as a catalyst for innovation. The combined direct effects of new regulation and innovation is expected to result in substantial changes to the current market structure, with obvious implications for trading technology as well.
"We are very pleased to work with Orc to address the requirements for MiFID II compliance, and to support Orc as they build a highly competitive trading solutions offering for the transforming European regulatory landscape,” said Leonid Frants, founder and principal of OneMarketData. "We are confident that the analytics and insight our service provides make OneTick an ideal foundation on which to build surveillance solutions.”
Orc will be hosting a series of events within EMEA focusing on European market regulations, including preparing for the new MiFID II/MiFIR regulations. To register your interest in attending, please email seminars@orc-group.com.
About OneMarketData, LLC
OneMarketData provides smarter data management solutions for quantitative research, surveillance and back-testing to enable market participants to outmaneuver the competition. Through its flagship product OneTick, a premiere event stream processing and tick data management solution, quants, analysts and traders can enhance alpha and increase performance. OneTick is an enterprise product built by Wall Street experts to address the sophisticated data analysis needs of the most discerning financial institutions. More information about OneMarketData is available at www.onetick.com.
About Orc
Orc is the global market leader in electronic trading technology for listed derivatives. Successful trading desks of premier institutions rely on Orc to stay ahead in increasingly dynamic and competitive markets. We deliver unrivalled next-generation solutions for advanced trading, market access and electronic execution to leading trading firms, market makers, banks and brokers worldwide. With 200 customers in more than 30 countries, access to over 150 trading venues and offices in each of the world’s key financial centers, Orc offers true global capabilities.
Orc is owned by Orc Group Holding AB which in turn is majority-owned by Nordic Capital Fund VII.
www.orc-group.com
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