First Derivatives is teaming up with NYSE Technologies to create a suite of historical data “as a service” solutions for NYX clients using First Derivatives’ Delta product suite.
Combining NYSE Technologies’ historical and real-time data expertise covering cash, options, futures and corporate actions with First Derivatives’ products and market expertise, the Tick as a Service offering will build into a suite of market services for clients to gain access to large data stores for analytical back testing and compliance
“By integrating First Derivatives’ suite of services with our diverse portfolio of technology solutions, including our consolidated feed service, we can offer comprehensive data collection, storage, and analysis ‘as a service’ to our entire global trading community," says Jon Robson (pictured), chief executive, NYSE Technologies. "This new service will allow participants to move from a client deployed to managed service for the storage, support and delivery of tick history infrastructure to back-test their algorithms and interrogate their data through a flexible, fully-managed solution. The Tick As A Service offering with First Derivatives is the first of a number of historical data solutions we shall offer.”
Brian Conlon, chief executive, First Derivatives says: "Our collaboration with NYSE Technologies will deliver substantial benefits to clients – improving time to market while efficiently minimising operational overhead and reducing costs. I am delighted that First Derivatives is forging a relationship with one of the most capable service providers in the global capital markets community who understand that the community needs managed solutions to address commoditised services and thus release capital for differentiating opportunities."
NYSE Technologies’ technology portfolio includes a broad array of real-time, historical and reference data alongside the first-ever capital markets community cloud, a hosted consolidated feed service (SuperFeed), and one of the world’s largest FIX-based order routing networks (Marketplace), all available across the Secure Financial Transactions Infrastructure (SFTI) network.
First Derivative’s flagship Delta suite of products include Delta Flow, Delta Data Factory, Delta Algo, Delta Margin and Delta Stream which are used in high volume, low latency environments.
Combining key elements of each company’s product sets and functionality, NYSE Technologies and First Derivatives will develop a solution delivering a suite of high-performance services that enhance real-time trading, CEP, market data and trading applications.