NEW YORK -- 1010data, a provider of hosted, ad-hoc business intelligence solutions, today announced that the New York Stock Exchange (NYSE) is using the newest version of the 1010data platform to analyze multi-terabyte databases in seconds. By providing the NYSE with leading-edge analytic capabilities, 1010data allows users to understand, leverage and utilize market data better and faster than ever before.
In 2001, 1010data entered into a proof of concept with the NYSE to manage and publish market data. Since then, the NYSE has built a revenue-generating product division around the data 1010data manages, including raw data feeds and web-based applications. It also uses 1010data to conduct its own market research data analysis and to provide the back-end service for its NYXdata Web site which gives subscribers access to a vast amount of NYSE data.
1010data has allowed the NYSE to analyze, manage and distribute unlimited quantities of data, and the ease-of-use and speed of the latest version of its platform empowers us to push the limits of query sophistication, said Mark Schaedel, vice president of data products, NYSE Euronext. With our rapid explosion in data volume, 1010data has delivered consistent and reliable service for almost seven years. 1010data is also a key component of our strategy for handling the market data aspects of our global expansion efforts with Arca and Euronext mergers.