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Thomson Reuters Upgrades Tick Data Service Ahead of MiFID II

Thomson Reuters has made improvements to its tick history data service to provide a tool for developing algorithmic and systematic trading strategies ahead of MiFID II.

Tick History 2.0 now offers a greater breadth and depth of historical time series, a wider range of content sets and improved search functionality, Thomson Reuters said.

The data is taken from the Elektron real time feeds and it covers OTC and exchange traded instruments across more than 500 trading venues.

Brennan Carley, global head of enterprise proposition and product management at Thomson Reuters, explained markets have moved towards greater use of quantitative, passive and systematic investment strategies.

“The new features of Tick History offer both buy-side and sell-side a powerful trading and compliance tool that is both flexible and scalable based on the needs of the institution,” he added.

Earlier this week, Thomson Reuters completed the integration of REDI’s EMS with its Eikon and Elektron services.

It acquired REDI in January this year in a bid to expand its buy-side offering through integrating the firm’s trading tools.

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