Financial markets data and infrastructure provider, Refinitiv, today announced it has made its Tick History dataset available via Google Cloud Platform (GCP).
This enables customers to access, query, and analyse Refinitiv’s extensive archive of pricing and trading data using the machine learning capabilities of Google Cloud’s BigQuery. This will allow users to access data much quicker and being able to apply the data to aid in their trading strategies.
In a press release from Refinitiv, they explain that the ‘dataset covers Over The Counter (OTC) and exchange-traded instruments from all asset classes in more than 500 venues dating back to 1996’ giving users a wide array of information to use, analyse, and apply remotely and quickly.
Thanks to BigQuery, it will enable users of Refinitiv to use Tick History data analytics, enabling customers to build and back-test trading strategies, perform quantitative research and analysis, and meet regulatory and best execution requirements.
The release of this market database is likely due to what their 2019 global survey of 300 senior executives and heads of the market found. It uncovered insights such as 64% of firms believe that cloud use will be “significant, or transformational, for their sector over the next five to 10 years”.
Catalina Vazquez, Proposition Director, Tick History at Refinitiv, said: “As the cloud delivers on its promise to make AI-based analytics more readily available, the potential of data to deliver answers that drive business performance gets ever greater. Combining Google Cloud’s machine learning tools with Refinitiv’s Tick History data in BigQuery is a step-change for customers looking to develop new trading models, interpret trade patterns or comply with regulations. The cloud is changing the paradigm for the financial community, enabling less time and money spent managing data and more time innovating and getting answers from data that gives a competitive edge.”
Adrian Poole, Head of Financial Services, UKI, Google Cloud, said: “At Google Cloud, we are committed to partnering with the industry on solving complex problems. Working with Refinitiv, we are delighted to help the company with the delivery of its customer commitment to provide its datasets on GCP.”
To read the full press release by Refinitiv, click here, and to learn more about their service Tick History, click here.
