AquaQ Analytics and Alveo have formed a partnership to provide advanced data management and analytics for the financial services industry.
One specific deliverable of the relationship has been the integration between Alveo’s Prime data mastering and data quality management solution and AquaQ’s kdb+ data capture solution, TorQ. Building on AquaQ’s experience with TorQ and kdb+, Alveo and AquaQ have created bi-directional integration which allows customers to easily take mastered pricing and reference data from Prime into kdb+.
This integration addresses different use cases across the trade lifecycle including independent valuation, trading, liquidity assessment, execution quality monitoring and risk factor preparation. The cooperation builds on the two companies’ extensive experience in working with banks and asset managers globally.
Conversely, tick data histories and trade data kept in kdb+ can be accessed by Prime to provide further depth and context behind its independent valuation, risk factor creation or data quality management processes supported through its Ops360 user experience.
“Alveo is our first partnership after the recent investment we received from Sovereign Capital Partners,” says Ronan Pairceir, CEO and Co-Founder, AquaQ. “We are pleased to work together with the Alveo team to help our customers address their financial data integration and analytics challenges. Solid and scalable data integration with clear lineage and demonstrable data quality has rapidly become a must-have. Alveo’s strength in price and reference data mastering and integration complements our expertise.”
Alveo focuses on the integration of market and reference data from different sources covering all asset classes including pricing information, referential information and issuer and corporate actions data. Alveo’s data mastering and data quality solution tracks the collection, integration and quality-vetting of a diverse set of content providers.
AquaQ has significant expertise in helping its clients optimise, develop and maintain their database technologies and take advantage of advanced data and analytics. The company enjoys long-term relationships with a number of leading financial institutions. Its open-source suite of software tools, TorQ, allows users to rapidly build and deploy kdb+ systems.
“We are very happy to integrate with the AquaQ team,” says Mark Hepsworth, CEO, Alveo. “We share clients around the world and AquaQ’s expertise in data science use cases and database technologies complements Alveo’s solutions. All business processes in financial services are becoming increasingly data-intensive and our cooperation addresses the requirements customers face in keeping abreast of mounting data volumes as well as processing requirements.”
