New Quant Client for OneTick CEP

Exclusive Quantitative Investment Management (EXQIM), a start-up quantitative investment manager founded in 2009 by Société Générale veterans in Paris, has implemented OneMarketData's OneTick complex-event processing and database platform to develop and launch diversified arbitrage strategies targeting US and European equity markets.

OneTick CEP and its database will support all facets of EXQIM's research and development operations; the product's integrated real-time market and historical tick data proved the clincher in the manager's decision to sign with OneMarketData.
Jean-Guillaume Grebet, deputy chief executive and head of research at EXQIM, says that once the firm devised its quantitative approach, tools were needed to analyze market data - particularly financial time-series data - to support trading.

"We all came from the derivatives side of the market, so it wasn't obvious to us at first what kind of database we needed - we thought something like Oracle, maybe," explains Grebet.

"As we developed our platform, it became clear that we needed a special database that could deal efficiently with time series."

EXQIM evaluated OneTick as well as products from providers including StreamBase and Vhayu, Grebet adds, noting that the Goldman Sachs pedigree of OneMarketData's management team helped win over the French manager.

Grebet says EXQIM has OneTick CEP and its database up and running, but won't complete work on its trading platform until late September, followed by the launch of the firm's first fund in November.