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September 23rd, 2008 - Millburn Ridgefield Corporation selects OneMarketData's OneTick" platform

MILLBURN SELECTS ONETICK FOR FIRM-WIDE TICK DATA MANAGEMENT


OneMarketData has announced that Millburn Ridgefield Corporation has selected its OneTick™ platform for firm-wide tick data management and analytics needs.

Grant Smith, Executive VP – Director of Research at Millburn, said, “In the past, we used an in-house tick-capture program, but with the proliferation of markets globally, and expanded trading hours, we realized that our home-grown engine would require major upgrading and extensive maintenance.

OneTick offered us an extremely cost-effective, fast and highly scalable solution, and they proved to be a wonderful partner in expanding and enhancing their software to meet our specific needs. Our decision to use OneTick for real-time tick data management and analytic needs will help us substantially shorten the development cycle for our trading models, and will offer us a much wider range of analysis of market micro-structure.”

“We are very happy to have been selected by Millburn for its enterprise-wide tick data management needs,” said Leonid Frants, CEO of OneMarketData. “OneTick is the only tick data solution that was built by financial industry experts who had experience developing critical infrastructure for statistical arbitrage and algorithmic trading at Goldman Sachs and Morgan Stanley. That experience enabled us to build the only enterprise-wide tick data solution that meets the needs of each different department and can handle any type of asset class, including equities, options, futures, FX, fixed income and OPRA.”

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