One Trading and QuestDB: A Game-Changing Partnership
One Trading, a groundbreaking MiFID II trading platform and the first regulated perpetual futures venue in Europe, has embarked on a significant journey by collaborating with QuestDB. This collaboration is focused on harnessing QuestDB’s open-source, high-performance time-series database to enhance One Trading’s market data architecture.
Unlocking the Power of Data
The choice to partner with QuestDB comes from its proven capabilities in managing large volumes of high-frequency data. One Trading's market environment generates terabytes of trade data daily, and QuestDB is equipped to handle this influx while providing sub-millisecond query speeds. This performance is paramount as it allows One Trading to conduct fast analytics for trend analysis and historical pricing, essential for effective performance monitoring and operational initiatives.
Commitment to High-Speed Trading
One Trading distinguishes itself as one of the fastest trading venues globally, achieving astonishing round-trip latencies below 200 microseconds. To uphold this standard of speed, the use of QuestDB allows for efficient storage and querying of immense datasets. This unique time-series architecture ensures that One Trading can access historical insights swiftly, maintaining both speed and reliability.
Insights from Leadership
Steven Harper, CISO at One Trading, highlighted the critical nature of an efficient data store. He stated, "At One Trading, scalability, performance, and reliability are non-negotiable. QuestDB plays an integral role in our trading platform by offering a high-speed, scalable solution for querying billions of trades in real time. Moreover, their strong AWS integration allows us to implement new software releases in a low-risk manner, ensuring rapid feedback and feature adoption. As we aim to scale our operations—possibly up to 1000 times our current capacity—QuestDB continuously proves its reliability and performance strengths.”
A Seamless Cloud Integration
The cloud-native architecture of QuestDB integrates flawlessly with One Trading's infrastructure, which is based on AWS. By using advanced networking setups, such as Amazon EC2 Cluster Placement Groups, One Trading can achieve the ultra-low latency required for their operations. Furthermore, QuestDB’s commitment to open standards, including SQL, Parquet, and Iceberg, guarantees that One Trading can leverage interoperability and avoid vendor lock-in, all while aligning with their growth and regulatory compliance goals.
Vision for the Future
Nicolas Hourcard, CEO of QuestDB, expressed enthusiasm for the collaboration, emphasizing their shared vision for enhancing digital asset markets through technology and regulation. Hourcard stated, "We are thrilled to support One Trading, which is paving the way for higher standards in these markets. Our database is crucial in delivering the necessary speed, accuracy, and transparency for real-time decision-making and robust regulatory reporting.”
The Road Ahead
Through this partnership, One Trading and QuestDB are not only focusing on immediate technological advancements but are also dedicated to fostering innovation and building scalable, high-performance infrastructure for the future. Together, they are set to reshape the landscape of digital asset trading, ensuring that they keep pace with the demands of rapidly evolving financial markets.
Frequently Asked Questions
What is the significance of QuestDB in One Trading's operations?
QuestDB serves as the high-performance data store that supports One Trading’s market data architecture, allowing for rapid analytics and efficient data management.
How does One Trading achieve its competitive edge?
One Trading distinguishes itself by maintaining ultra-low latencies and processing vast amounts of market data swiftly and reliably.
What are the future plans for One Trading with QuestDB?
One Trading aims to significantly scale its operations with the support of QuestDB, enhancing its capabilities to meet growing market demand.
Why is open-standard compliance important for One Trading?
Adherence to open standards prevents vendor lock-in and enhances interoperability, critical for One Trading’s long-term sustainability and compliance.
How does QuestDB contribute to regulatory reporting for One Trading?
QuestDB provides the speed and accuracy necessary for real-time decision-making and ensures compliance with regulatory standards in the trading environment.
