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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