Information and analytics supplier KX has merged with OneMarketData, the proprietor of market knowledge and regulatory options supplier OneTick. The mixed firm goals to ship a single platform that unites capital markets knowledge, analytics, synthetic intelligence, and surveillance.

The brand new entity will probably be led by Ashok Reddy, the present CEO of KX, whereas OneTick founder Leonid Frants will function a strategic advisor to help the transition for patrons and workers. The merger follows the acquisition of KX by non-public fairness agency TA in July.

Unifying the commerce lifecycle

Based on the businesses, the merger is designed to create a scalable, real-time market knowledge basis that permits corporations to seize and analyse giant volumes of tick knowledge with out utilizing separate programs. The aim is to unify the total capital markets commerce analysis and operations lifecycle, from knowledge exploration and algorithmic growth to stay deployment and compliance oversight.

The mixed platform goals to handle a number of challenges going through monetary establishments, together with fragmented expertise stacks, sluggish time-to-value on new initiatives, and rising regulatory strain.

“This can be a main milestone in our journey,” mentioned Reddy, CEO of the mixed firm. “By pairing KX’s efficiency at scale with OneTick’s market knowledge administration, out-of-the-box front-office analytics and surveillance, we’re delivering a unified platform that helps clients transfer quicker with better confidence—throughout analysis, buying and selling, and compliance.”

Investor and buyer views

The deal’s backers positioned the merger as a direct response to buyer wants within the capital markets trade.

“The mixture of KX and OneTick addresses a number of the most persistent challenges going through clients, together with fragmented tech stacks, sluggish time-to-value, and rising regulatory strain,” mentioned Hythem El-Nazer, co-managing accomplice of TA and chairman of the board of KX. “Collectively, we goal to set a brand new normal for the trade and switch obstacles into alternatives.”

The transfer additionally acquired help from clients, with Citadel Securities additionally highlighting the complementary strengths of the 2 corporations.

“KX has lengthy set the usual in high-performance knowledge and analytics, and including OneTick’s power in market knowledge and regulatory expertise options creates a robust platform for capital markets,” Josh Woods, chief expertise officer at Citadel Securities, additionally added. “We’re excited to see KX and OneTick deepen their integration and proceed driving innovation for patrons like Citadel Securities.”