MONTREAL--(BUSINESS WIRE)--TickSmith Corp announced today that its TickVault platform has been certified on the latest release of Cloudera Enterprise 5 through the Cloudera Certified Technology Program. TickSmith provides and delivers big data solutions for financial services firms.
TickVault is a Hadoop-based platform specifically designed and optimized for participants in the brokerage ecosystem, including trading groups at financial institutions, exchanges, vendors and regulators. TickVault provides data centralization and distribution, market surveillance, strategy discovery and analytical capabilities on very large quantities of financial data.
“We came to Cloudera’s attention during an engagement at a bank’s trading group. We both quickly saw the fit and the synergies, and Cloudera proposed to certify our solution,” said Francis Wenzel, CEO of TickSmith.
A Sword for the Dragon Slayer
Wenzel remarked that even as recently as a year ago, capital markets companies were moving slowly and cautiously about big data solutions. Previous generations of core data architectures did not have the power and flexibility of Hadoop. That made it difficult for brokerages, exchanges, and others to integrate yet another solution into their crowded portfolios.
But TickVault is designed to take full advantage of Hadoop’s unique strengths. Capital markets firms that have made the move to Hadoop now have a ready-made, fully tested big data solution when they deploy TickVault.
“I read an article in Wall Street and Technology about two years ago that suggested Hadoop would be the dragon slayer for capital markets companies. It would allow them to catch up to other industries with regard to big data. That’s happening now.
“But every dragon slayer needs a sharp sword and a sturdy shield when they go out to meet the dragon. We think of TickVault as that sword and shield,” said Wenzel.
“The Cloudera Certified Technology program was created to make it simpler for companies to purchase the right components and software applications to extract the most value from their data,” said Tim Stevens, vice president, Business and Corporate Development at Cloudera.
“With TickVault, financial institutions in capital markets now have an additional, out-of-the-box solution tested and validated to work with Cloudera Enterprise, our enterprise data management platform based on Apache Hadoop.”
“Working with terabytes and petabytes of financial data, particularly trade and quote history, should be made as easy as possible,” said Marc-André Hétu, CTO of TickSmith. “This certification confirms that financial institutions can easily add the TickSmith platform and features to their existing Cloudera deployments.”
TickSmith is a leader in Big Data applications for the brokerage ecosystem. Its TickVault platform is used for data centralization, distribution, market surveillance, strategy discovery and analytics. It was designed for trading and risk groups, regulators, exchanges and vendors who must accumulate, transform, analyze and disseminate scales of data from multiple sources. TickVault manages structured and unstructured data, exchange & tick data, reference data, FIX, back-office, media content, time-series, statements and more. Delivered as a complete solution, TickVault can be added to existing Hadoop clusters, is available SAAS and as an appliance with hardware. For more information, please visit www.ticksmith.com.