Datafeeds Special Report
CLICK HERE TO DOWNLOAD THE FULL REPORT
Different Feeds for Different Folks
Over the past 15 years, the datafeeds landscape has changed beyond recognition. Once the preserve of only the largest firms with the most demanding requirements in terms of volume and performance, with most capital markets participants relying on terminals to meet their data requirements, the efficiency and speed advantages of both consolidated and direct feeds won over users at large and small firms alike.
On the direct feed side, this was largely driven by two factors: trading firms wanting faster and direct sources of data to support evolving algorithmic trading operations, and exchanges looking for new revenues, bypassing traditional consolidators with their own direct feed infrastructures. And despite these efforts, consolidated feed use has also grown as trading operations become more globalized and firms began demanding access to markets where direct feeds are either impractical or simply don't exist.
But if speed was the driving factor for feeds, the current focus is on flexibility and performance, where "performance" covers a multitude of factors beyond just speed, including reliability, capacity management and cost. So firms must not only invest in high-performance infrastructures to handle these datafeeds, but also in sophisticated monitoring systems to measure speed, uptime and other factors─though unlike in the past, when these were used by small business units running alongside enterprise systems, high performance is now the standard. "Speed has become an expectation, not a driver," says Adam Honore, chief executive of financial technology business strategy consultancy MarketsTech LLC.
However, over the same period, attrition and mergers have meant that the once-booming market for data distribution platforms and ticker plants has shrunk significantly, with much of this infrastructure business consolidating around a de facto incumbent, and only a few smaller technology companies providing competing platforms─though usually with limited capabilities.
Increased data availability has inevitably led to commoditization, and so in addition to datafeeds, firms are now looking at analytics that can deliver additional value and insight into the raw data. And with more analytics being presented via apps to serve the needs of an increasingly mobile workforce, new delivery mechanisms, APIs and cloud data marts are a logical next step for many data consumers─though participants in this report's Q&A say these will coexist with, rather than replace, the current generation of datafeed solutions.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact info@waterstechnology.com to find out more.
You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@waterstechnology.com
More on Data Management
Northern Trust building internal cloud data ‘marketplace’
Using a mix of in-house expertise and third-party technologies, the firm has constructed a cloud-based data mesh that gives internal staff access to proprietary datasets and analytical tools to deliver greater insights into client activity.
FactSet looks to build on portfolio commentary with AI
Its new solution will allow users to write attribution summaries more quickly and adds to its goal of further accelerating discoverability, automation, and innovation.
How Ally found the key to GenAI at the bottom of a teacup
Risk-and-tech chemistry—plus Microsoft’s flexibility—has seen the US lender leap from experiments to execution.
The IMD Wrap: Beginning of the end for data audits?
This week, there’s exciting news for data bean-counters in the form of a partnership between two vendors that could change the way we view and track data usage and audits.
Symphony boosts Cloud9 voice offerings with AI
The messaging and collaboration platform builds on Cloud9’s capabilities as it embraces the AI wave in what CEO Brad Levy calls “incremental” steps.
MSCI counts the cost of bank M&A, looks ahead to custom indexes, AI
Cancellations of overlapping contracts following a bank merger put a dent in MSCI’s earnings, but management remains upbeat about the potential of recent acquisitions and new technology developments.
Nasdaq reshuffles tech divisions post-Adenza
Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.
This Week: HKEx's new derivatives platform; GoldenSource; Quonian-SimCorp, and more
A summary of some of the latest financial technology news.
Most read
- Chris Edmonds takes the reins at ICE Fixed Income and Data Services
- DTCC urges affirmation focus ahead of T+1 move
- Women in Technology & Data Awards 2024: All the winners and why they won