NEXA TECHNOLOGIES AND TSX DATALINK FORM PARTNERSHIP.Nexa Technologies' Tick Data division, provider of valueadded historical intraday Intraday Another way of saying "within the day." Notes: This term is often used for the new highs and lows of a security. For example, "a new intraday high" means a security reached a new all-time high throughout the trading day, but then fell by closing. financial data, and Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension ) have unveiled ready-to-use trade and quote data for equities traded on TSX. This offering, the result of an agreement between Nexa and TSX Datalinx, the market data operation of TSX Group The TSX Group TSX: X owns and operates Canada's two major stock exchanges, the Toronto Stock Exchange, and the TSX Venture Exchange, formerly known as the CDNX. TSX Group is a cornerstone of the Canadian financial system and is at the centre of Canada's equity capital market. , is the newest addition to Tick Data's Tick Equity Database, a research-quality historical intraday equity database launched in April, 2004. The TSX product includes cleaned and filtered trade and quote data as of January 1, 2001, and was developed for quantitative investment professionals who require research-ready historical equity data to design, test, and validate trading strategies and order execution systems. Tick Data combines software-based analytics and human analysis to ensure its data sets are truly ready-to-use. The proprietary, multi-step process includes the following key components: -- Ticker Mapping(SM) -- a proprietary software-driven process that adjusts historical data for corporate actions, including symbol and CUSIP CUSIP See: Committee on Uniform Securities Identification Procedures CUSIP See Committee on Uniform Securities Identification Procedures. changes, mergers/acquisitions, exchange listing changes, divestitures, etc. -- Condition Code Filtering -- underlying trade and quote data is filtered for various condition codes that denote out of sequence trades/quotes, cancelled trades, and other conditions that require data points to be removed prior to use by a trader. -- Price Filtering -- a series of algorithmic filters that flag trades that appear to be non-representative of market conditions (bad ticks) and suggest corrected values. -- Data Validation In computer science, data validation is the process of ensuring that a program operates on clean, correct and useful data. It uses routines, often called validation rules, that check for correctness or meaningfulness of data that are input to the system. -- Tick Data has built daily bars for each symbol and compared them against third party sources to ensure accuracy of Ticker Mapping, stock splits, and prices. -- Custom Symbol Sets and File Configurations -- Tick Data allows clients to choose the entire universe of TSX equities or select a custom symbol subset across a custom date range. Clients also have flexibility in choosing the final format in which they'd like to receive the data. -- Survivor Bias Free Database -- data is available on inactive companies allowing researchers to remove survivorship bias Survivorship Bias Specifically in the context of mutual funds, the tendency for poor performers to drop out while strong performers continue to exist. This results in an overestimation of past returns. from their research. "The financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry has many investment firms who trade on TSX," said Neal Falkenberry, SVP SVP S'il Vous PlaƮt (French: Please) SVP Senior Vice President SVP Schweizerische Volkspartei (Swiss People~s Party) SVP Society of Vertebrate Paleontology SVP Social Venture Partners SVP St Vincent de Paul of Nexa's Tick Data Division. "Being able to include such a rich market in our equity data offering increases the reach of TSX's trade and quote data by making it available for the first time in a truly research-ready format, and continues the expansion of our Tick Equity Database to include exchanges worldwide." "As it has done with U.S. and London Equity data, and throughout its long history, our Tick Data group continues to innovatively serve the historical data industry," said Eric Stoop, president of Nexa Technologies, Inc. "Tick Data responds to the needs of active traders of all sizes, and now provides the data required to trade another robust exchange. This is yet another milestone in our objective of providing tools to traders of all global markets." "Building a high frequency trade and quote database is a large, complex task,'' said Eric Sinclair, Senior vice-president, TSX Datalinx. ''With Nexa's newest addition of Toronto Stock Exchange historical data to the Tick Equity Database, customers now can better analyze and review the issues on our senior market.'' About TSX Group Inc. (TSX-X) TSX Group operates Canada's two national stock exchanges, Toronto Stock Exchange serving the senior equity market and TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. serving the public venture equity market as well as Natural Gas Exchange (NGX NGX Natural Gas Exchange Inc. (Canada) NGX Next Generation X ), a leading North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. exchange for the trading and clearing of natural gas and electricity contracts. TSX are the initials attached to the core equity operations of the TSX Group (www.tsx.com): Toronto Stock Exchange, TSX Venture Exchange, TSX Markets, TSX Datalinx, TSX Technologies. TSX Group is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver. About Nexa Technologies, Inc. Founded in 1999 with the goal of developing a powerful suite of trading applications deployable in any currency, any language, and any market, Nexa Technologies, Inc., provides a complete line of online brokerage solutions. Products include direct access trading Direct access trading is a technology which allows stock traders to trade directly with market makers or specialists, rather than trading through stock brokers.[1] applications, browser-based trading solutions, back-office order management systems, real-time market data feeds, historical data, and FIX execution services. Solutions can be integrated with existing trading systems or used as stand-alone products. Nexa is an independent subsidiary of Penson Worldwide, Inc. Tick Data, provider of clean, reliable historical intraday time series data for global equity and futures markets became part of Nexa when Penson Worldwide, Inc. acquired it in January 2005. For more information, visit http://www.tickdata.com or call 416/947-4682. |
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