OneMarketData Blends Platform Cocktail with Cactus, Lime Integration

Tick database and complex event processing system provider OneMarketData is partnering with agency broker Lime Brokerage to integrate OneTick with the Cactus Trader trading strategies development platform—developed by Cactus Trading Systems, which was acquired by Lime last October—to support the strategy-building and back-testing needs of Lime’s clients.

OneMarketData and Cactus began developing a link between their platforms prior to Cactus’ acquisition by Lime. With the integration between Lime’s and Cactus’ technology, clients now have “a one-stop shop” for strategy development, testing and execution, says Richard Chmiel, vice president of global sales at One­MarketData.

The integration allows users—primarily Lime’s small to mid-sized quantitative fund clients—to build a strategy in the Cactus platform and run back-testing simulations using OneTick, before deploying the strategies for live trading, using Lime for execution and clearing.

The partnership also provides OneMarketData with exposure to Lime’s customer base. In particular, Chmiel says the integrated offering would appeal to startup quant funds that want to reduce their time-to-market by using vendor solutions rather than developing their own strategy development and testing applications in-house. In fact, OneMarketData typically finds itself competing for business against firms’ internally-developed tools, and with budgets continuing to be a major concern, firms are increasingly turning to vendor solutions to rein in costs, he adds.

Thus in addition to targeting potential new customers, linking OneTick to more platforms already in use at client sites responds to client requests that OneMarketData should integrate OneTick with more third-party products, and enables firms that have chosen to deploy OneTick rather than developing their own infrastructures to further reduce their internal development needs, Chmiel says.

Clients can load the data for back-testing into the OneTick database using its existing adapter for Lime’s Citrius market data feed, as well as other pre-built adapters for data providers, including Thomson Reuters, Activ Financial, SpryWare and Interactive Data, as well as Redline Trading Solutions’ hardware-based ticker plant, for which OneMarketData developed an adapter at the end of last year, in response to client demand.