INQDATA

INQDATA today announced that Bloomberg’s Tick History Data is now available through its cloud-based data solution, powered by leading high performance time series database kdb+. The new solution will make it as easy as possible for mutual clients to access and manage large volumes of Bloomberg tick data, fully hydrated and hosted by INQDATA.

Bloomberg’s premium high-quality Tick History Data allows firms to access tick-by-tick historical quotes and trades. For asset managers and traders who utilize Bloomberg’s industry-recognized fixed income pricing, historical quotes can be retrieved to build and back test robust models.

“We are thrilled to collaborate with Bloomberg to revolutionize the accessibility and management of tick history data," said Theodore Voegt, CEO of INQDATA. "This joint effort embodies our commitment to drive innovation in the industry by simplifying complex data challenges. By making Bloomberg’s robust Tick History Data available through our state-of-the-art kdb+ cloud solution, we are unlocking unprecedented opportunities for our mutual clients, who can now access vast amounts of critical market data with unparalleled ease and efficiency, allowing them to prioritise value add with less data wrangling."

“Providing our deep Tick History through INQDATA’s cloud-based data solution opens yet another avenue for Bloomberg to meet customers in the cloud with our data,” said Angana Jacob, Head of Research Data for Enterprise Data at Bloomberg. “INQDATA’s managed service in kdb+ enables mutual customers to interact with our extensive tick datasets much more efficiently than before, allowing users to focus on systematic research and backtesting immediately.”

The new solution from INQDATA also offers the enhancement of traditional delivery formats by taking away all the complexities of data onboarding, infrastructure and storage management, entitlements, data rights and purging policies, and data preparation so it can be consumed immediately within a user’s existing infrastructure through a rich set of data access APIs. For mutual customers, this represents a significant leap forward in tick data accessibility.

The inclusion of Bloomberg Tick History Data in kdb+ through INQDATA enables mutual customers to gain access to Bloomberg’s large tick datasets quickly and manage them efficiently, allowing them to focus on generating alpha rather than spending large amounts of time and resources wrangling what is traditionally one of the largest datasets in the industry. This is especially important as the volume and complexity of data available for financial firms’ consumption continues to grow, making accessibility and efficiency vital.

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Benefits of INQDATA’s solution include:

• One-Click Configuration for Rapid Data Access: A simple one-click configuration process allows users to define their desired universe and date range while INQDATA takes care of the entire infrastructure relating to request management, data backfills, tiered storage, error handling, availability, and dynamic scaling.

• Fast Data Backfill with Scalability and Efficiency: Rapid and scalable data backfill is made possible through INQDATA’s cloud capabilities to ensure users have access to the tick data they need and meet time critical SLAs. Leveraging the power of kdb+ without the resource overhead, users can efficiently backfill large datasets with ease, fully embracing the power of the cloud.

• Seamless Updates and Integration for Continuous Data Availability: INQDATA continuously manages, monitors, and maintains updates to tick data in the platform, ensuring that users always have access to the latest market information. This seamless integration eliminates the need for users to manage any data updates, freeing up their time for analysis and decision-making.

• Visibility for Enhanced Data Quality Assurance: Users are provided with a clear, detailed overview of their Tick History Data catalogue and availability. They are able to observe and customize their data quality landscape, whilst applying bespoke data quality and cleansing rules over datasets for specific asset classes at a per-user, per-security level, giving them continuous access to the data they need, immediately.

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About INQDATA

INQDATA is an innovator in cloud-based data solutions that empower financial institutions to focus on adding value to data and drive business growth. The company’s innovative solutions seamlessly integrate data from multiple sources within a highly performant, fully hydrated and managed, cloud based environment powered by kdb+, providing users with a holistic view of their complete market data and data quality landscape through a single, simple service. INQDATA’s commitment to customer success is evident in its unwavering support and dedication to helping clients achieve their goals.

Interested in getting up and running today and transforming how your data is accessed and managed?

Contact INQDATA today to unlock the full potential of the cloud and experience a level of performance, control and efficiency like never before: info@inqdata.com