Edelweiss Selects OneTick Data Management Platform
NEW YORK, July 14, 2015 /PRNewswire/ -- OneMarketData, LLC, the founders of OneTick, a single solution for real-time streaming analytics and tick data management, today announced that Edelweiss Financial Services Ltd. (Edelweiss), one of India's leading diversified financial services firm has selected OneTick as its market data collection, analytics and tick data management platform. Edelweiss is utilizing OneTick's powerful analytical tools to conduct in-depth quantitative research across the entirety of Indian markets including equities, futures and options. Edelweiss is the first India based entity to use OneTick to build and test mathematical algorithmic trading models for the Indian markets.
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OneTick gives Edelweiss's quantitative research team the ability to seamlessly handle the vagaries of market data including mapping ticker symbols across all Indian equity markets, account for exchange cancellations and corrections, insert corporation action price and symbol changes, define futures rolls, and filter outliers for a cleansed, high-quality dataset. By having OneTick manage all its market data activities, Edelweiss can concentrate on growing its business by solving business problems, not administrating data. With clean, easy-to-use data, Edelweiss can focus on research and trading.
"The OneTick platform enables us to capture real-time market data directly from all Indian exchanges and store it in OneTick's special structures to efficiently manage all aspects of market data. The structures work seamlessly with their powerful query language and help consolidate the quant research, trading model development, signal generation and post trade TCA onto a single unified multi-asset platform," said Mayank Toshniwal, Senior Vice President at Edelweiss.
"Cutting edge technology like OneTick is making a sweeping transformation in trading styles as the accelerating use of algorithms create a more competitive environment," said Richard Chmiel, Senior Vice President at OneMarketData. "We are pleased to provide Edelweiss with the necessary research and analytical tools to stay on top of the ever-evolving market."
Built from inception as a single integrated system, OneTick allows users to create a single code-set for historical analysis and real-time signal generation. Users are able to apply OneTick analytics to historical and real-time data queries, significantly lowering the total cost of ownership. Users benefit from minimized costs related to licensing, installing and overseeing various data management systems which don't have the ability to collect and analyze both historical and real-time data.
About Edelweiss Group:
The Edelweiss Group is one of India's leading diversified financial services conglomerates providing a broad range of financial products and services to a substantial and diversified client base that includes corporations, institutions and individuals. Edelweiss's products and services span multiple asset classes and consumer segments across domestic and global geographies. The five business clusters are broadly divided into Credit (including Structured Collateralised Credit, Housing Finance, Retail Finance, Distressed Assets Credit and Agri Finance), Commodities, Financial Markets, Asset Management and Life Insurance. Edelweiss is a US$ 4.3 billion asset base company with US$ 620 million in revenues for FY15. Its consistent performance is evidenced by a PAT CAGR of 37% over the last three years and 30% over the last ten years.
The group's research driven approach and proven history of innovation has enabled it to foster strong relationships across all client segments. The Group has sizeable presence in large retail segment through its businesses such as Life Insurance, Housing Finance, Mutual Fund and Retail Broking. It serves its 572,000 strong client base through 5,555 employees based out of 240 offices located in 125 cities across India as well as eight offices abroad.
Edelweiss Financial Services trades under the symbols NSE: EDELWEISS, BSE: 532922, Bloomberg: EDEL.IN, Reuters: EDEL.BO. To learn more about the Edelweiss Group, please visit www.edelweissfin.com. Edelweiss Financial Services Limited Corporate Identity Number: L99999MH1995PLC094641
About OneMarketData:
OneMarketData provides smarter data management solutions for quantitative research, transaction cost analysis, model development, surveillance and strategy 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 by leveraging OneTick's speed, flexibility, and ease of use. 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.
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