CAMPBELL, Calif.--(BUSINESS WIRE)--ParAccel, Inc., provider of the world’s leading analytic platform, today announced that it has joined the NYSE Technologies Market Data Partner Program and released a utility that makes it significantly easier to conduct breakthrough analysis on market data generated by NYSE Technologies, a division of NYSE Euronext (NYSE: NYX). ParAccel is demonstrating its advanced analytic capabilities on NYSE Technologies market data at SIFMA’s Financial Services Technology Leaders Forum, being held this week in New York City from June 14-16.
Trade data volumes continue to grow at breakneck speeds, driven by increasingly complex trading strategies that use highly sophisticated automated trading systems. For financial institutions to maintain competitive advantage in capital markets, they must be able to scale their analysis faster than their data growth rates. These firms are starting to recognize that their traditional analytic solutions will not keep pace with the new generation of extreme analytic requirements.
“Firms trading in markets around the world rely on NYSE Technologies to deliver market data quickly and efficiently to help them optimize trading strategies across multiple exchanges and asset classes,” said Seth Payne, Historical Data Product Manager at NYSE Technologies. “The ParAccel platform is another way we are helping customers better execute their business transactions by rapidly integrating critical data into their analytic platform.”
A number of the world’s largest financial institutions have turned to the ParAccel Analytic Database (PADB) to power their business. The release of the ParAccel Integration Utility makes it even easier for new and existing customers to more easily leverage the massive amounts of financial data available through NYSE Technologies’ global data products. Leveraging analytic integration capabilities released recently in PADB 3.1 , the utility loads and transforms NYSE Technologies Daily TAQ, OpenBook, and ArcaBook historical data sets at unprecedented speeds directly into ParAccel’s analytic platform. Complex analysis, such as back testing of trading strategies, can be immediately executed without delay, avoiding the need for a manual, cumbersome process to obtain, pre-process and manually load the information.
“It is important that analytic platforms be able to support not only huge amounts of data but the widest range of data sources,” said Barry Zane, founder and CTO. “Our integration with NYSE Technologies illustrates our commitment to delivering these capabilities to our customers in a wide range of industries.”
The ParAccel Integration Utility is available immediately for NYSE Technologies’ Daily TAQ, ArcaBook and OpenBook historical data sets. ParAccel is also planning to release interface utilities for additional NYSE Technologies data feeds and financial market data solutions.
ParAccel will be demonstrating high performance analytics on NYSE Technologies data at Booth #2503 at the SIFMA Financial Services Technology Leaders Forum. To schedule an appointment in advance, contact ParAccel at 866-903-0335 or email info@paraccel.com.
About ParAccel
In today’s analytics-driven environment, gaining fast and accurate business insights from massive volumes of data provides significant strategic advantage. As the leader in the high performance Analytics Platform market, ParAccel enables organizations to address their most dynamic and complex analytic challenges and rapidly gain ultra-fast, deep insights from very large data sets. ParAccel’s Fortune 1000 customers include companies in the financial services, retail and healthcare industries, as well as government agencies. Each organization uses ParAccel to address their business-critical data issues outside the scope of conventional data warehouses and existing analytic tools.
About NYSE Technologies
A division of NYSE Euronext (NYX), NYSE Technologies provides broadly accessible, comprehensive connectivity and transaction capabilities, data and infrastructure services, and managed solutions for a range of customers requiring next-generation performance and expertise for mission critical and value-added trading services. NYSE Technologies offers a diverse array of products, services and solutions to: the Buy Side, including order routing, liquidity discovery and access to a community of over 630 Broker-Dealers and execution destinations globally; the Sell Side, including high performance, end-to-end messaging software and innovative market data products delivered on the world’s largest, most reliable financial transaction network; and Market Venues and Exchanges, including multi-asset exchange platform services, managed services and expert consultancy. With offices across the U.S., Europe, and Asia, NYSE Technologies offers advanced integrated solutions for the global capital markets community, earning the ability to power trading operations for many of the world’s best financial institutions and exchanges. For additional information visit: www.nyse.com/technologies.
For more information please contact us at info@paraccel.com or 866-903-0335, or visit our website at http://www.paraccel.com.
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