Tenfore Systems has launched a historical tick data service to provide complete intraday prices from the beginning of December 2003. The service covers all of Tenfore’s content sets, which include equities, derivatives and foreign exchange data, and is free of any judgemental cleansing, so represents as closely as possible the original source.
“Trends such as the explosion of algorithmic trading are driving the increase in demand for services that will help firms develop effective trading strategies,” says Gordon Bloor, CEO of Tenfore. “Our data allows clients to back-test their strategies in accurately recreated market environments before deploying them in real-time.”
Algorithmic trading volume is expected to double by the end of 2006, according to research from The Tower Group and models such as statistical arbitrage rely on quality historical data to identify price trends and therefore predict future performances.
Tenfore has sourced and stored data from all key US and European equities and futures exchanges and more than 20 FX and treasury contributors to create its historical data service, including all Level 2 ticks where available. In addition, the company provides real-time exchange-based, OTC, news, research and fundamental data via its own ticker plant.
Tenfore’s real-time data feeds may be integrated into third party applications, distributed on industry standard market data platforms or delivered through its own desktop products. A range of APIs provide a high-level easy-to-use development environment for applications that need to access low latency streaming raw data.
With 3,000 direct end users, Tenfore has more than 500 corporate clients including, HSBC, ING and Rabobank.