TickSmith Teams Up with CanDeal to Power DataVault Innovations

TickSmith will power the new market data platform for institutional electronic marketplace for Canadian debt and derivatives trading, CanDeal. The company will leverage the TickSmith Data Pooling Platform in order to support the launch of its DataVault Innovations data-as-a-service (DaaS) offering.

DataVault Innovations aggregates over-the-counter (OTC) data on multiple Canadian assets classes from banks and other sources and distributes it to end users and third-party providers. The DaaS technology also provides pricing, risk, and analytics features to help market participants bolster internal risk modeling and remain compliant with relevant regulations.

“TickSmith provides the well-tuned engine that DataVault Innovations needs for peak performance,” Head of DataVault Innovations Andre Craig said. “As an industry service, DataVault Innovations will not only provide the premium data to fuel more impactful product development; it will lead to more reliable benchmarks, expanded access to quality OTC data, and vastly improved risk management and regulatory compliance for FRTB and other mandates.”

Francis Wenzel, TickSmith CEO, complimented CanDeal’s consolidation of OTC multi-asset class data, and underscored TickSmith’s experience in capital markets. “We’re confident that we can deliver and unmatched service to DataVault Innovations, that will be robust enough to support an array of data, services, and clients for years to come.”

TickSmith demonstrated its TickVault and FIXVault financial big data platforms at FinovateFall 2014. More recently, the Montreal, Quebec, Canada-based company introduced its transaction cost analysis (TCA) solution, and announced a partnership with trading and market access technology provider Vela. TickSmith began the year with news that it had achieved Amazon Web Services (AWS) Financial Services Competency status.

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  • Stash Scores $65 Million; Launches Stock-Back Rewards.
  • TickSmith Teams Up with CanDeal to Power DataVault Innovations.
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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

 

TickSmith Lands $2 Million Investment from Illuminate Financial

In the Quebec-based company’s first round of funding, data management platform TickSmith announced today it has raised $1.6 million ($2 million CAD) from Illuminate Financial.

TickSmith will use the funds to further commercialize TickVault, its flagship product that works like a financial data lake for capital markets. Based on Hadoop technology, TickVault records, stores, and transforms structured and unstructured financial data by breaking down trade history, exchange and tick data, back office data, news, events, research, and more. In addition to analysis, the TickVault’s data scrubbing is also useful for compliance and risk management teams.

TickSmith’s TickVault data flow diagram

Francis Wenzel, CEO and co-founder of TickSmith, said, “Market participants recognize the competitive advantage that can be gained from a next generation capital markets data lake, not just in Europe and North America, but increasingly on a global basis.” Wenzel added, “As venture capital specialists within the capital markets technology space, Illuminate Financial are well positioned to help us further develop our flagship product, TickVault, as we continue to build an international client base.”

Founded in 2012, TickSmith presented TickVault and FIXVault at FinovateFall 2014. The company recently introduced a new performance-tracking module, Marketplace Advanced Insights, that gives market participants a better idea of how they are performing and how their peers are behaving. TickSmith partnered with CME Group in October of last year to provide the derivatives marketplace with access to historical data. The company also counts National Bank of Canada as a client.

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.