Under the deal, CMS will provide SunGard Data Management Solutions with a bespoke data-feed of tick data from the London Metal Exchange (LME), International Petroleum Exchange (IPE), London International Financial Futures and Options Exchange (LIFFE), New York Mercantile Exchange (NYMEX), Commodity Exchange Inc. (COMEX) and New York Board of Trade (NYBOT).
Bob Antell, Chief Executive of CMS, said:
"The rapid development of algorithmic trading applications has brought to the fore the need to have easily accessible tick-by-tick trading data for back testing of new trading strategies. The combination of the FAME Energy Data Service and our TDI™ Data Feed will provide exactly this capability. The TDI™ Data Feed uses a single protocol, to feed tick data from a number of exchanges around the world into SunGard's FAME Time Series Database."
Emma Garvey, data product manager at SunGard Data Management Solutions, commented:
"We're continually integrating new sources of content to widen the range of energy data available through our applications. The decision to add tick data from CMS WebView came in response to a requirement from one of our larger investment bank clients. After conducting some research as to the availability of tick data, CMS appeared to be one of the few providers with a central source for tick data from a number of worldwide commodities exchanges."
SunGard recognises that with recent developments in modern trading techniques, market participants have a requirement for increasing volumes of clean, accurate, and timely tick data. CMS WebView data will be made available through SunGard's energy data offerings, including EnergyScope, a Web-based energy data desktop that offers advanced analytics for risk management, marking to market and many forms of market analysis.
