Data and analytics provider KX has merged with OneMarketData, the owner of market data and regulatory solutions provider OneTick. The combined company aims to deliver a single platform that unites capital markets data, analytics, artificial intelligence, and surveillance.
The new entity will be led by Ashok Reddy, the current CEO of KX, while OneTick founder Leonid Frants will serve as a strategic advisor to support the transition for customers and employees. The merger follows the acquisition of KX by private equity firm TA in July.
Unifying the trade lifecycle
According to the companies, the merger is designed to create a scalable, real-time market data foundation that allows firms to capture and analyse large volumes of tick data without using separate systems. The goal is to unify the full capital markets trade research and operations lifecycle, from data exploration and algorithmic development to live deployment and compliance oversight.
The combined platform aims to address several challenges facing financial institutions, including fragmented technology stacks, slow time-to-value on new initiatives, and increasing regulatory pressure.
“This is a major milestone in our journey,” said Reddy, CEO of the combined company. “By pairing KX’s performance at scale with OneTick’s market data management, out-of-the-box front-office analytics and surveillance, we’re delivering a unified platform that helps customers move faster with greater confidence—across research, trading, and compliance.”
Investor and customer perspectives
The deal’s backers positioned the merger as a direct response to customer needs in the capital markets industry.
“The combination of KX and OneTick addresses some of the most persistent challenges facing customers, including fragmented tech stacks, slow time-to-value, and increasing regulatory pressure,” said Hythem El-Nazer, co-managing partner of TA and chairman of the board of KX. “Together, we aim to set a new standard for the industry and turn obstacles into opportunities.”
The move also received support from customers, with Citadel Securities also highlighting the complementary strengths of the two companies.
“KX has long set the standard in high-performance data and analytics, and adding OneTick’s strength in market data and regulatory technology solutions creates a powerful platform for capital markets,” Josh Woods, chief technology officer at Citadel Securities, also added. “We are excited to see KX and OneTick deepen their integration and continue driving innovation for customers like Citadel Securities.”
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