Exclusive Quantitative Investment Management (EXQIM), a French quant investment firm, has selected OneMarketData, a US-based supplier of complex event processing (CEP) technology, to help it build high-frequency trading strategies.
EXQIM, which was launched by its four executives last year, will use OneMarketData's OneTick CEP and database, which the firm claims will allow it to develop more advanced strategies on its proprietary front-to-back-office automated trading platform.
“Currently our strategies trade once a day based on closing auction prices because of the relatively simple database we use,” Jean-Guillaume Grebet, deputy CEO, EXQIM, told theTRADEnews.com. “We are in the process of developing high-frequency trading strategies that require more a granular and advanced set of data, which is what OneTick will provide.”
By using CEP technology, EXQIM will be able to integrate real-time data feeds straight into its database and merge this with historical tick data to feed its trading strategies.
According to OneMarketData, installing OneTick will also eliminate the need for OneTick to maintain multiple systems and allow easier data analysis.
“Our CEP and database will empower EXQIM's quants to explore new trends and test ideas rapidly to help increase the profitability of their strategies,” said Richard Chmiel, vice president of sales for OneMarketData.