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MarketPrizm, a leading provider of market data and trading infrastructure services, today announced that it will offer high quality historic data from major exchanges to financial services firms. The data can be downloaded and used for simulation models to test investment strategies before putting them into the live market.
What sets this offering apart from other similar services is the quality of the data provided. MarketPrizm will provide full depth historic data captured and time stamped in co-location, with the initial phase covering the most recent three months’ worth of historic data. Data will be provided for the markets where MarketPrizm currently offers data services and will cover equities, commodities and derivatives.
Clients will also be able to take advantage of MarketPrizm’s infrastructure for data storage and delivery, thereby eliminating the need for them to set up and maintain their own data storage solution. Instead, clients will be given a log-in to access the data in which they are most interested and for which they are approved. The European infrastructure will be based in London while the Asia infrastructure will be based in Tokyo.
“We wanted to provide a solution that would give clients information similar to real time data used in live trading,” said Tanuja Randery, Chief Executive Officer of MarketPrizm. “Clients will now be able to capture data from global exchanges quickly as well as rapidly test new strategies, or new markets where they are not currently trading, in order to capitalise on new opportunities, thereby enhancing their competitiveness.”
The new service will initially be rolled out in Europe in Q4 2013, after which it will be available in Asia.
