The new datalab in OMI is similar to those used by large financial institutions. Image courtesy OneMarketData LLC.
Oxford researchers trying to improve the understanding of financial systems have new facilities to store and analyse huge volumes of financial data, which should speed up the research process. The Oxford-Man Institute of Quantitative Finance (OMI) has established a virtual 'data lab', which mirrors the systems that are being used by commercial financial institutions worldwide. The data lab captures, stores and analyses vast amounts of financial data, and is the latest project in a collaborative venture between Oxford and world-leading alternative investment manager, Man Group. The database is powered by OneTick, a specialised tool that consolidates and compresses data streams. It was created by OneMarketData LLC, which also donated the software and helped to install the new system. OMI academics and students can tap into the lab using their own desktop computers to quickly access and analyse huge amounts of valuable data sources. The Oxford-Man Institute set up in 2007 as a unique interdisciplinary collaboration whereby employees from the University and Man are co-located in the same purpose-designed building.
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