NYSE technologies and CMC markets agree to implement OneTickTM

NYSE technologies and CMC markets agree to implement OneTickTM

14/12/09

NYSE Technologies, the commercial technology division of NYSE Euronext (NYX) and a world leader in ultra low-latency market data distribution, today announced that CMC Markets, a global leader in spread betting trading strategies, has selected the OneTickTM tick capture and time-series analysis application. OneTick’s functionality gives CMC the ability to create sophisticated historical simulations used for developing effective trading strategies and building precise transaction cost models.

"NYSE Technologies is pleased to work with a world renowned firm like CMC to develop and implement a state-of-the-art data analysis tool that will offer CMC customers the ability to act upon the deepest, most flexible market information available," said Tony McManus, Head of Trading Solutions at NYSE Technologies. "OneTick is designed to consistently and reliably provide customers with superior access to current and historical market information to maximize their algorithms and trading strategies."

"As one of the top spread-betting firms, we are focused on securing the lowest latency market data service and tick capture solution available and we’ve found that in the OneTick product and NYSE Technologies," said Asif Adatia, CIO, CMC Markets. "We use exchange market data internally to create a CMC price that is then quickly and efficiently distributed to our clients. NYSE Technologies helps us create the most competitive price with the best spreads across multiple exchanges and products."

Through NYSE Technologies, CMC Markets can now offer their customers the benefits of OneTickTM, the enterprise level tick capture and time series analysis solution that provides tick by tick historical analysis functionality. NYSE Technologies is an authorized value-added reseller of OneTick, a best-of-breed product that specifically addresses the tick data needs across an entire business enterprise including algorithmic and low touch trading, pre and post-trade analysis and statistical arbitrage. Available as a fully supported product within NYSE Technologies’ solutions portfolio, OneTick can be effectively deployed as a stand alone system or as a fully integrated component within the award winning* NYSE Technologies’ Market Data Platform.