OneMarketData, LLC, a leader in tick data management and analytics, today announced the launch of OneTick Strategy Backtesting, a platform for strategy development and large scale backtesting. The platform is powered by OneTick, OneMarketData’s enterprise solution for data management and time-series analytics, and utilizes global multi-asset class market history available through the OneTick Cloud service.
Backtesting measures profitability as strategies are optimized – this could be targeting for profit factor, Sharpe Ratio, max drawdown or an equity curve to improve the quality of execution decisions. Historical datasets provide “what if” market conditions as strategy parameters are varied.
OneTick offers a fully featured strategy development and large-scale backtesting platform for the most discerning quant, allowing them to:
· Evaluate alpha or execution strategy logic against controlled market replay
· Vary and optimize strategy parameters
· Compare strategy instances using pre-defined and custom statistical measures
· Exchange simulator matching engine
· Ensure robustness of strategy logic
· Customize dashboards to plot/chart results
Combined with the OneTick Cloud, a solution for on-demand access to global tick data history, OneTick Strategy Backtesting is offered as a hosted service or can be locally deployed. OneTick Cloud provides firms with the ability to aggregate, normalize and analyze large volumes of data, including Morningstar global tick data, using OneMarketData’s enterprise data management software, OneTick.
The solution offers complete flexibility to meet client needs, and can be combined with basic historical data access and comprehensive tooling for the construction of custom strategy analytics, simulated order flow, and PnL statistics. Clients will have the option to subscribe to more than 150 markets offering more than ten years of history (both level one and full depth of book) along with reference data, corporate actions, earnings and event dates.
“OneMarketData’s flagship product, OneTick, is a premiere solution for providing quants with the ability to manage and analyze market data,” said Leonid Frants, CEO of OneMarketData. “Analyzing historical time-series data forms the basis of backtesting trading strategy profitability. OneTick Strategy Backtesting offers the tools for quant traders and quant researchers to build and test better trade models.”