MarketPrizm and OneMarketData, developers of tick database and complex event processing (CEP) platform OneTick, are to launch PrizmScope Tick Data Cloud Service..

PrizmScope is a complete solution for on-demand hosted analytics covering real-time and historical market data encompassing depth of book, trades and quotes for all major equities and derivatives markets in EMEA. The service will be available in Q3, 2012 and ready for beta/test customers prior to that. It will be delivered via Colt Technology Services Cloud Infrastructure and targeted at signal generation, market analysis, strategy back-testing, transaction cost analysis and compliance applications.

PrizmScope will combine MarketPrizm's low latency market data and network infrastructure, Colt's managed cloud service, and OneMarketData's low latency CEP capabilities for real time analytics and trading delivered in a cloud hosted environment.

"Our PrizmScope Tick Data Cloud service is designed to meet financial institutions' ever increasing need to store and efficiently manage historic data", said Tanuja Randery, CEO of MarketPrizm. "Typically, historical data solutions are expensive and difficult to manage. We have worked with OneMarketData and Colt to overcome these problems for our clients by deploying a scalable, powerful, ready to use, analytical solution on our own infrastructure. PrizmScope Analytics will help clients increase their profitability by fine tuning their trading strategies and enabling them to capitalise on market opportunities in a shorter time."

"We are pleased to help launch PrizmScope Tick Data Cloud Service, the only European hosted market data analytics solution that leverages the power of OneTick for trading firms who are looking for a competitive edge" said Leonid Frants, President and Founder of OneMarketData. "Traders and researchers now have a centralized, single point for real-time signal generation and historical tick data analysis enhanced with all standard tick data analytics from correction cancellation handling to order book building and aggregation, as well as optional corporate actions adjustments."