AFTAs 2021: Best new technology introduced over the last 12 months (data and data services)—Nasdaq

OVERVIEW

With so many traditional and emerging datasets available, it can be costly and time consuming for firms to incorporate new data sources into their strategies and applications.

For many firms, onboarding new data types can require them to make “major data-related hires” and implement new infrastructure. 

THE SOLUTION

Nasdaq Data Link provides a cloud-based platform for clients to access more than 250 datasets from Nasdaq and third-party data vendors via a common API.

The platform is based on technology acquired via Nasdaq’s purchase of Canadian alternative data marketplace Quandl in 2018. Officials say the combination of Quandl’s data infrastructure and Nasdaq’s market intelligence creates a “one-of-a-kind” data platform.

Data Link provides secure, end-to-end data hosting via a managed infrastructure that allows users to privately share data, manage data access, and monitor data quality.

WHAT’S TO COME

Combined with the more recent launch of Nasdaq Data Fabric, Data Link is a component of a comprehensive outsourced infrastructure for financial firms that will provide access to data from Nasdaq, third-party providers, and firms’ proprietary data.

WHY THEY WON

Nasdaq Data Link is a combination of content and infrastructure that makes it easier for firms to access data from Nasdaq and its partners. However, that’s just a starting point: Together with its Nasdaq Data Fabric, firms will be able to use this as an outsourced data infrastructure for potentially any third party or proprietary dataset. This initiative has the potential to entirely change the way firms think about their market data infrastructures.