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Wombat, a world leader in market data management solutions and most recent member of NYSE Euronext Advanced Trading Solutions, closed a significant technology contract that will see One Tick deployed across Equiduct Trading. Börse Berlin Equiduct will soon launch this new trading platform, enabling investment firms to quickly and cost-effectively meet MiFID’s best execution requirements.
Following an intensive evaluation phase, Equiduct Trading selected OneTick based on its performance over other leading tick data management solutions. The OneTick solution is purpose-built to handle vast volumes of real-time data rates and analytics requests, such as those generated in a transparent MiFID landscape. It is the only system of its type with native support for single and consolidated order books and additionally features advanced order book analysis including cross venue consolidation; best-execution analytics for MiFID compliance; and adapters for multiple market data sources.
Equiduct Trading enables financial institutions to meet their statutory commitments to provide best execution and transparency to clients for the most liquid European equities. Designed and built to simultaneously address the tick data needs across an entire business enterprise including those of regulatory compliance, the OneTick solution will help Equiduct Trading’s unique market model address its key requirement of best execution across European exchanges.
OneTick will be employed to collect and store real-time data, such as trades, quotes and order books, across a variety of European exchanges. This will support a range of data services that Equiduct Trading offers its customers including a consolidated Volume weighted Best Bid and Offer (VBBO), market data backfill and historical trading data retrieval.
The solution helps Equiduct Trading gain competitive advantage by providing its exchange clients with post-trade analysis. As such, clients have visibility of the Equiduct Trading VBBO out-performing other standard best price execution benchmarks in the pan-European marketplace.
“We maintain our ethos of innovation in the execution marketplace by harnessing new technology,” commented Willy Van Stappen, COO of Equiduct Trading. “OneTick’s off-the-shelf consolidated order book analytics facilitate the demands for real-time VBBO for our PartnerEx program and is helping us reach our goal of becoming the European benchmark for best price execution in the MiFID trading environment.”
“Equiduct Trading needed an enterprise level solution that could seamlessly process massive volumes of real-time and historical tick data across the pan European marketplace,” said Danny Moore, CEO of Wombat. “OneTick was chosen over other vendors in the tick capture space as the best technology match for this significant new exchange by proving the ease to which it integrates data sourced from a variety of different data vendors.”
