Opening Cross: Looking for Data (and Beer) in All the Right Places

It’s a lesson equally applicable to the world of market data sourcing. When looking for a new or special dataset, you can’t rely on discovering something new by chance. However, if you know where you’re going, you may find one thing that by chance leads you to another pleasant surprise. But you need to know where to look in the first place. And the right datasets can crop up in unusual places.
For example, Tullett Prebon Information’s commodities and credit default swap data can now be found on Turkish data vendor Matriks Bilgi Dagitim Hizmetleri’s terminals and mobile data products. If you aren’t familiar with Turkey’s data industry, Matriks claims to have 14,000 installed positions of its Matriks Data Terminal—or about 65 percent of the local market.
Similarly, Nasdaq is now making data on more than 41,000 of its indexes available via portfolio analytics software vendor StatPro’s cloud-based Revolution platform, allowing asset managers to perform calculations using the indexes as a benchmark without having to pay additional fees or arrange direct licenses with Nasdaq. The deal expands StatPro’s content while also broadening the reach of Nasdaq’s indexes, which the exchange is pushing hard as a low-cost alternative to traditional incumbent index providers.
Sometimes, though, it’s hard to find the value hidden in data—or to meet the cost of collecting and maintaining huge databases of content in-house. To help firms manage ever-growing amounts of historical trade and quote data, Tick Data is rolling out cloud options to access its tick history without maintaining on-site databases or software, enabled by the vendor’s move to an Amazon Web Services datacenter last year, after the break-up of former parent, Penson Worldwide.
And sometimes the most valuable data is the proprietary data that firms already have in-house. But the challenge then is making this data available alongside vendor data in a way that can be displayed and analyzed using the same standard tools that are being applied to other third-party datasets, to support apples-to-apples comparisons. Some vendors offer contributions systems to support inclusion of firms’ own data within their on-site terminals without distributing it to other competitors over the vendor’s network, while others offer tools that allow firms to create on-the-fly displays from multiple in-house and external datasets without being tied to a specific vendor’s display. Now, technical analysis provider Updata is joining this space by allowing traders to display data from databases or spreadsheets in Updata’s Professional analytics workstation using its new Integrate tool, allowing them to compare different sources using the same analytics.
But entering any new business area is not without risk—and costs. Hence, when startup consensus ratings data provider Credit Benchmark unveiled its service last week, it also announced $7 million in new backing led by private equity firm Index Ventures to support its expansion plans.
Ultimately, if you want data delivered in a different “container,” there needs to be a market of willing buyers ready to pay for it. So if you want a certain type of data, don’t be shy about demanding it—vendors are typically willing to work together when there’s sufficient demand that they both benefit from an integration. And to return to my original theme, if you want to see Rockaway Brewing’s fine beer brought to a wider audience by being distributed in cans rather than just on tap, check out their Kickstarter campaign.
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.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
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. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@waterstechnology.com
More on Emerging Technologies
Saugata Saha pilots S&P’s way through data interoperability, AI
Saha, who was named president of S&P Global Market Intelligence last year, details how the company is looking at enterprise data and the success of its early investments in AI.
Data partnerships, outsourced trading, developer wins, Studio Ghibli, and more
The Waters Cooler: CME and Google Cloud reach second base, Visible Alpha settles in at S&P, and another overnight trading venue is approved in this week’s news round-up.
Are we really moving on from GenAI already?
Waters Wrap: Agentic AI is becoming an increasingly hot topic, but Anthony says that shouldn’t come at the expense of generative AI.
Cloud infrastructure’s role in agentic AI
The financial services industry’s AI-driven future will require even greater reliance on cloud. A well-architected framework is key, write IBM’s Gautam Kumar and Raja Basu.
Waters Wavelength Ep. 310: SigTech’s Bin Ren
This week, SigTech’s CEO Bin Ren joins Eliot to discuss GenAI’s progress since ChatGPT’s emergence in 2022, agentic AI, and challenges with regulating AI.
Microsoft exec: ‘Generative AI is completely passé. This is the year of agentic AI’
Microsoft’s Symon Garfield said that AI advancements are prompting financial services firms to change their approach to integrating AI-powered solutions.
Inside the company that helped build China’s equity options market
Fintech firm Bachelier Technology on the challenges of creating a trading platform for China’s unique OTC derivatives market.
Fitch claims 20% developer productivity boost using AWS GenAI tools
The vendors have expanded an existing deal to include new Amazon tools that have helped Fitch modernize its infrastructure and applications.