Options IT has signed a deal with Tick Data to make it’s suite of tick-by-tick market data available on the Options PIPE platform. With the agreement, Options PIPE customers will have access to Tick Data products for analyzing global, multi-asset class market trends and back-testing trading strategies.

Options IT offers on-demand private financial cloud services, including ultra-low latency market data, connectivity and fully optimized application hosting services. The deal comes after the U.S. Commodity Futures Trading Commission is reported to be preparing a proposal to require backtesting on automated trading strategies before they go live in the market.

Click here for the release from Business Wire.