What Mana Tech does

MANA Tech LLC is a privately held, US-domiciled (New York) cloud-based market data and analytics firm founded in 2017 by Manoj Narang, targeting the quantitative investment community. The firm sells access to proprietary market microstructure data — daily, intraday (default 1-minute and 1-second intervals), and options-derived series sourced from direct exchange feeds — and layers analytics, cleaning, and normalization on top as a managed service, eliminating duplicative data engineering work on the customer side.

Its technical core is a pair of proprietary domain-specific languages, m and SLOB, designed explicitly for quantitative finance and statistical arbitrage with terse, expressive syntax. On top of these languages the firm has built a visualization and research suite comprising Alpha Studio (parallel intraday alpha backtesting with Sharpe/Sterling and attribution analytics), Backtest Tool (optimal portfolio construction with turnover and signal statistics), and STROBE (Streaming Order Book Evolution), a market reconstruction and replay engine that streams over 1M order book data points in real time with pause/rewind/step and per-order queue-priority visualization. The MANA App Store extends the platform as a marketplace for pre-built applications (Portfolio Builder, Market Simulator) and customer-authored tools, and is positioned as the future self-serve distribution surface.

The commercial model combines data monetization, recurring subscriptions to the analytics tools, and a prospective marketplace commission layer, sold under multi-year contracts via direct enterprise sales (no public pricing). Customer segments include quantitative investment professionals (primary), equity traders, and market structure researchers. The firm operates with 1–10 employees, has not raised outside funding per available records, and uses a research blog authored by its founder as its principal marketing channel.

Name

Mana Tech

Legal name

MANA Tech LLC

Website

https://manatechllc.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

MANA Tech is a New York-based cloud market data and analytics firm serving quantitative investors with direct-feed microstructure data, proprietary m and SLOB domain-specific languages, and visualization tools (Alpha Studio, Backtest Tool, STROBE) for backtesting, signal generation, and portfolio management.

Ownership category

akta.pro rank

Product category

Quantitative Finance Analytics & Market Microstructure Data

NAICS

Software Publishers (5132), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Cloud-Native Development (Containers, Kubernetes, Microservices) (BPAEACAD)

akta.pro secondary industry

Goal-Based & Micro-Investing Platforms (Round-ups, Fractional) (FSAGAEAG)

Keywords

• Market microstructure data
• Quantitative finance analytics
• Algorithmic trading tools
• Order book visualization
• Market data platform

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Market Microstructure Data Products: MANA Tech generates revenue through providing access to proprietary market microstructure data including daily, intraday, and options market data series. Data is delivered as a service with updating, cleaning, and normalizing handled by the company.
2. Analytics and Visualization Tools: Revenue from providing access to analytical tools including Alpha Studio, Backtest Tool, and STROBE for backtesting, portfolio optimization, and market reconstruction.
3. MANA App Store Platform: Platform revenue model where users can access pre-built tools and create custom applications for research and trading.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Mana Tech delivers a vertically integrated, cloud-based solution for market microstructure data, research, and rapid prototyping tailored to the quantitative investment community. The offering combines proprietary domain-specific languages (m and SLOB), pre-built analytics applications (Alpha Studio, Backtest Tool, STROBE), the MANA App Store for custom application development, and managed daily, intraday, and options market data series sourced from direct exchange feeds.

Product overview

MANA Tech offers a vertically integrated, cloud-based solution for data, analytics, and visualization tools focused on quantitative finance. The portfolio consists of proprietary domain-specific languages (m and SLOB) for rapid prototyping, three core visualization products (Alpha Studio for backtesting alpha signals, Backtest Tool for portfolio optimization, and STROBE for market reconstruction and replay), a MANA App Store platform for pre-built and custom applications, and a comprehensive suite of market microstructure data products including daily, intraday, and options market data series.

Differentiator

Problem solved

Functional benefit

Brands

• MANA App Store: Platform offering users pre-built tools such as a Portfolio Builder or a Market Simulator, while also allowing users to use rapid prototyping language to create custom built research and trading applications.
• Alpha Studio
• Backtest Tool
• STROBE (Streaming Order Book Evolution)

Products and services

• Alpha Studio

Quantifiable outcome

• Market making spread capture generates approximately 2 cents per share in effective spread, with market maker inventory averaging negative $53k/day versus positive $45k/day spread capture (based on MSFT/NASDAQ analysis).

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Direct peers

• QuantConnect: QuantConnect is a cloud-based algorithmic trading and quantitative research platform that serves the same systematic trader persona with cloud-hosted data, backtesting, and IDE tooling. Both companies target quant researchers who want self-serve infrastructure, making this the closest product-market analogue.
• Databento: Databento is a cloud-native market data vendor offering tick-level US and global equities, futures, options, and crypto feeds with developer-friendly APIs. Its focus on serving quant firms and algorithmic traders with affordable, normalized microstructure data directly mirrors MANA Tech's positioning.
• Polygon.io: Polygon.io provides real-time and historical market data APIs (equities, options, forex, crypto) targeting developers and quantitative trading firms. It overlaps meaningfully with MANA Tech on intraday/options microstructure data delivered as a cloud service to algorithmic traders.

Broad incumbents

• Bloomberg L.P. Bloomberg Terminal is the dominant institutional financial data, analytics, and workflow platform used by nearly every buy-side and sell-side firm. MANA Tech competes for the same quant-desk data and analytics wallet, but Bloomberg's offering is far broader and bundled with news, messaging, and execution.
• FactSet: FactSet provides institutional financial data, analytics, and proprietary content for portfolio and quantitative workflows. It competes with MANA Tech for quant-desk spend on market data, backtesting, and analytics, though its scope (multi-asset, workflow, content) is materially wider.
• Refinitiv (LSEG Data & Analytics): Refinitiv, now part of the London Stock Exchange Group, is a major wholesale financial market data and analytics provider serving institutional clients across asset classes. It overlaps with MANA Tech on market data, reference data, and quantitative analytics, though at vastly broader scope.
• S&P Global Market Intelligence (Capital IQ Pro): S&P Global Market Intelligence supplies institutional-grade financial data, analytics, and research including detailed market data and quant-friendly datasets. It competes for the same quant and trading-desk budgets on a much broader scale.

Emerging players

• AlphaSense: AlphaSense is an AI-powered market intelligence platform aggregating broker research, filings, transcripts, and news for institutional investors. It serves an adjacent institutional buyer persona (research analysts, portfolio managers) that overlaps with MANA Tech's quant investment community.
• RavenPack: RavenPack provides alternative data and analytics, including news-derived sentiment and microstructure-informed signals, to hedge funds and asset managers. It overlaps with MANA Tech's quantitative signal generation and backtesting use cases for systematic trading desks.

Others

• Quandl (Nasdaq Data Link): Quandl, now Nasdaq Data Link, was a marketplace for alternative and financial datasets delivered via API to quant researchers. It is comparable as a data-distribution channel for quant finance, though broader and without MANA's vertically integrated analytics tooling.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mana-tech-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mana Tech