Real-Time Tick Capture and Analysis Tool Supporting Standard Chartered’s FX Trading Business
NYSE Technologies and Standard Chartered Agree to Implement OneTickTM
Aug. 3, 2009 – NYSE TechnologiesSM, the commercial technology division of NYSE Euronext (NYX) and innovator in high-performance market data products, today announced a collaboration with Standard Chartered PLC, a banking leader in Asia, Africa and the Middle East, to develop sophisticated FX trading analysis capabilities using the OneTickTM tick capture and time-series analysis application.
“NYSE Technologies is proud to work with Standard Chartered on this project,” said Peter Tierney, Senior Vice President, Asia Pacific, NYSE Technologies. “OneTick provides unmatched speed, functionality and modeling capabilities for Standard Chartered’s high speed, automated FX trading business. In this project, NYSE Technologies will help Standard Chartered deploy sophisticated, flexible tick capture and historical analysis capability throughout its global operations.”
“We are very pleased to work with NYSE Technologies,” said Richard Kirby, Global Head - Financial Markets Technology Infrastructure, Standard Chartered. “Our business demands a high degree of customization combined with highest possible performance. We conducted a comprehensive proof of concept and we were very pleased with how the NYSE Technologies / OneTick solution was able to integrate seamlessly with multiple internal platforms and offer the performance and flexibility our users, developers and traders demand.”
NYSE Technologies is an authorized value-added reseller of OneTick, a best-of-breed product that specifically addresses the tick data needs across an entire business enterprise including algorithmic and low touch trading, pre and post-trade analysis and statistical arbitrage. Available as a fully supported product within NYSE Technologies’ solutions portfolio, OneTick can be effectively deployed as a stand alone system or as a fully integrated component within the award winning* NYSE Technologies’ Market Data Platform.
The solution’s state-of-the-art compression archiving and sophisticated tick by tick historical analysis functionality provides Standard Chartered with unparalleled historical simulations for developing effective trading strategies and building precise transaction cost models. OneTick integrates real-time FX data from multiple systems within Standard Chartered’s operations as well as external FX venues.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies is a leader in providing innovative software, market data products and data management applications, connectivity solutions, exchange technology, and transaction solutions for trading firms, vendors and financial markets around the world. NYSE Technologies offers one of the most comprehensive suites of high quality commercial technology products that includes advanced messaging platforms, co-location services, ultra-low latency order routing and a one-of-a-kind hosted network community, all designed to enable the free flow of liquidity for the global marketplace. This division operates four units: the Global Connectivity unit, offering one of the world's largest, most reliable financial transaction networks connecting firms and exchanges worldwide; the Trading Solutions unit, which creates and implements high performance, end-to-end messaging software and real-time market data distribution and integration products; the Exchange Solutions unit, which provides multi-asset exchange platform services, managed services and expert consultancy; and the Global Market Data unit, which offers a broad array of global market information products covering multiple asset classes. With offices across the U.S., Europe and Asia, NYSE Technologies' advanced integrated solutions for a wide range of services has earned the ability to power the trading operations of global financial institutions and exchanges. For additional information visit: http://www.nyse.com/technologies
*NYSE Technologies’ Market Data Platform voted “Most Innovative Market Data Latency Solution” Financial-i: Leaders in Innovation Awards, 2006, 2007 and 2008.
Relationship with OneMarketData
NYSE Technologies is an authorized value added reseller of OneTick, a best-of-breed enterprise level tick capture and time-series analysis solution. Through a strategic relationship with OneMarketData, NYSE Technologies resells OneTick as a standalone system or as a fully integrated component within the high performance NYSE Technologies’ Market Data Platform. OneTick is a registered trademark of OneMarketData.
About Standard Chartered
Standard Chartered PLC, listed on both London and Hong Kong stock exchanges, ranks among the top 25 companies in the FTSE-100 by market capitalisation. The London-headquartered Group has operated for over 150 years in some of the world’s most dynamic markets, leading the way in Asia, Africa and the Middle East. Its income and profits have more than doubled over the last five years primarily as a result of organic growth and supplemented by acquisitions.
Standard Chartered aspires to be the best international bank for its customers across its markets. The Group derives more than 90 per cent of its operating income and profits from Asia, Africa and the Middle East, generated from its Wholesale and Consumer Banking businesses. The Group has over 1600 branches and outlets located in over 70 countries. The extraordinary growth of its markets and businesses creates exciting and challenging international career opportunities.
Leading by example to be the right partner for its stakeholders, the Group is committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity. It employs more than 70,000 people, nearly half of whom are women. The Group’s employees are of 125 nationalities, of which about 70 are represented in the senior management.
For more information, please visit: www.standardchartered.com
Copyright 2009 NYSE Technologies Inc. All rights reserved. All third party trademarks are owned by their respective owners and are used with permission. This announcement may contain forward-looking statements regarding NYSE Euronext and its affiliates. Such statements are based upon the current beliefs and expectations of management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements.