Xenomorph, a cross-asset data management solutions provider, and 4th Story, an algorithmic trading strategy and software provider, announced today that they have completed integrating Xenomorph’s TimeScape and 4th Story’s product suite to offer a solution for automated trading strategists.
The combined offering is targeted at hedge funds, proprietary trading desks and other financial institutions requiring high-speed access to large volumes of accurate time series and tick data for back-testing and operating automated and algorithmic trading strategies.
The companies believe that to gain and maintain competitive advantage, financial markets institutions must address the challenge of data quality and transparency in algorithmic trading. They say a key element in managing ever-larger universes of data is ensuring the data is accurate, since only with clean data can good trading models be built and executed. They add that risk managers and regulators have been aware of data quality as a key issue for the market and this same issue is equally relevant to algorithmic and automated trading.
“Deriving clean data for back-testing and automated trading is a key issue for our clients,” says Brian Sentance, CEO at Xenomorph. “By combining the best in data management with the best in automated trading, Xenomorph and 4th Story are providing customers with the ability to automate the processing of data that matters, quickly eliminate data that doesn’t and execute on trading opportunities.”
“TimeScape’s extensive storage, data management and customisable analytics capabilities coupled with 4th Story’s strategy back-testing and execution platform enables firms to exploit the upside of algorithmic trading more quickly and thoroughly,” says Steve Smith, CEO of 4th Story.