Investment research provider Morningstar has launched a new tool that provides clients with faster and more flexible access to its Morningstar Quotes tick history database.
The tool, dubbed Morningstar Quotes Archive, is offered through the firm’s real-time data division, which operates a global tick database spanning more than 75 markets in a synchronised, normalised form and includes nearly six years of full order book tick history for many major US and European equity and derivatives exchanges.
“Many firms support streaming data feeds in order to extract and store a tick history database. With a streaming data feed comes the need to invest heavily in infrastructure and communications,” said Gordon Bloor, chief executive officer of Morningstar Real-Time Data, in a statement. “We have been increasingly asked to undertake some of the heavy processing on behalf of our clients, and Morningstar Quotes Archive achieves this, saving clients time, money, and a great deal of effort.”
Morningstar Quotes Archive gives financial services clients, including leading hedge funds and sell-side firms, the ability to request data by symbol, market, field, and date range, to ensure precise and efficient extraction of specific data series. Data can be delivered either ‘raw’, including every tick, or ‘processed’ with configurable formats such as intraday open, high, low, close, and volume.
Tick history can be delivered as a one-off extraction or on an ongoing basis with extracts being delivered either hourly or at the end of each trading day. Clients only receive and pay for the market data that they require.
According to Morningstar, the new tool has a range of applications, such as extracting historical tick data for back-testing algorithmic trading strategies, transaction cost analysis and verifying compliance with Reg NMS.