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OneMarketData News

Miami International Holdings, Inc. deploys OneTickfor its second exchange, MIAX PEARL

 

 

 

Princeton, NJ–October 19, 2016 - OneMarketData, LLC (OMD), a leader in tick data management and analytics, today announced thatMiami International Holdings, Inc. (MIH)has chosen OneTick,OneMarketData’s proprietary high-performance tick capture and streaming analytics engine, for its second electronic U.S. options exchange, MIAX PEARL (PEARL).The new exchange, expected to go live in February 2017, will leverage industry leading technology, infrastructure and risk tools to employ a maker/taker pricing, price/time allocation model.

OneTick is a proprietary time-series database and the only enterprise-wide solution which combines event stream processing and tick data management. OneTickprovides firms with the ability to analyze and process data with greater sophistication by capturing, compressing, archiving and providing access to global real-time and historical data, up to and including the latest tick. It has no limitations on data volumes, peak rates or length of stored history and collects level one and full order book data across all asset classes, including options.

“TheOneTick solution was an obvious choice for us based on the success of the initial implementation MIAX Options has with OneMarketData,” said Randy Foster, Senior Vice President – Business Systems Development of MIH.“Technology and system performance is a vital part of our business and our decision to work with them again is a testament to their products’ power and reliability.”

“We are pleased to be partnering with MIAX once again and are committed to providing them with the fastest, most efficient and reliabletick capture, storage and analytics database available.This is an exciting opportunity to provide a high-quality solution designed to meet the unique protection and performance demands of the equity options industry,” said Ross Dubin, Global Head of Sales at OneMarketData.

 

About OneMarketData

OneMarketData is a leading provider of software solutions for the financial industry. Our OneTick platform is a smarter data management solution to get you in the game now. OneTick is a comprehensive suite for time-series data management, real-time event processing and analytics to address the most demanding requirements. Equity, Futures and Options proprietary traders, hedge funds, asset managers and investment banks can leverage the built-in capabilities of OneTick for quantitative research, transaction cost analysis, surveillance and backtesting. Built by Wall Street experts, the OneTick suite of products is an enterprise-wide tick data capture and storage solution offering analytical modeling tools, global history across equities and futures markets and reference data. More information about OneMarketData is available at www.onetick.com

About MIH 

MIH is the parent holding company of MIAX Options, MIAX PEARL, Miami International Technologies, LLC (MIAX Technologies) and MIAX Global, LLC (MIAX Global). MIAX PEARL will be MIH’s second fully electronic options trading exchange and will leverage the industry leading technology and infrastructure developed by MIAX Options to employ a price-time allocation model. The launch of MIAX PEARL is subject to SEC approval. MIAX Technologies is MIH’s technology subsidiary for the sale and/or license of the trading technology developed by MIAX Options. MIAX Global focuses on merger, acquisition and joint venture activities of MIH. MIAX Global also provides technology and other services outside of North America, with its initial concentration being on Europe and Latin America.

 

MIAX Options is MIH’s fully electronic options trading exchange. MIAX Options has assembled a team with deep rooted experience in developing, operating and trading on options exchanges. Its trading platform was developed in-house and designed from the ground up for the unique functional and performance demands of derivatives trading. MIAX Options now lists and trades options on over 2,400 multi-listed classes. MIAX Options’ unparalleled system throughput is approximately 38 million quotes per second. The average latency for a single quote on MIAX Options is approximately 16.21 microseconds for a full round trip. At the 99th percentile, the latency on MIAX Options is approximately 23.90 microseconds. At the 99.9th percentile, the latency on MIAX Options is approximately 53.71 microseconds. The executive offices and technology development center as well as the National Operations Center for the MIAX Options are located in Princeton, New Jersey.

 

Contact information

Chanda Shingadia

Articulate Communications for OneMarketData

Telephone: +447951163615

Email: cshingadia@articulatecomms.com