Best Market Data Provider (Exchange): London Stock Exchange
IMD/IRD Awards 2018
After a year such as 2017, it comes as no surprise that readers have flocked to vote for an exchange that was then focused heavily on responding to new regulation, pushing out new feeds and content sets to help customers overcome major regulatory reform. The London Stock Exchange (LSE) was named Best Market Data Provider (Exchange) for a second year in a row in recognition of its work in preparation for the the revised Markets in Financial Instruments Directive (Mifid II).
In the past year, LSE has focused on ensuring seamless Mifid II compliance for customers, making significant changes to the Group Ticker Plant (GTP) feed and introducing a post-trade Mifid II compliance feed, which runs in parallel with the existing feed. Simon Youdan, head of business development at LSE Real Time Data, explains that preparation for regulations has allowed clients wanting to make minimal changes to derive some Mifid II content from the original GTP feed—which was the preference for most firms—while additional Mifid II content is made available via the new feed.
In addition, TRADEcho—the brand launched in partnership with Simplitium—has introduced pre- and post‑trade transparency services. Youdan says the launch was well received in the marketplace because TRADEcho post-trade data, which is disseminated via the GTP, is free both as a real-time or delayed feed.
For LSE, the other significant Mifid II-driven change has been disaggregation of content. “We spent nearly all of last year speaking to our customers about how they wanted us to interpret disaggregation,” says Youdan, and the main feedback was that firms wanted it to be as simple as possible. This resulted in LSE not altering existing products, while adding commercial disaggregation packages for specific content, such as exchange-traded funds and alternative investment market data, which allows customers to pay for only a small segment of data.
As technology advances, more firms are expected to gain a detailed overview of data usage, and the new commercial disaggregation packages could help firms reduce data costs.
One change expected to affect how firms take market data is the move to the cloud. “Cloud is very important,” says Youdan, and LSE is currently moving historical data to a cloud environment to improve delivery of its dataset. As part of a broader strategy, LSE is also accumulating wider groups of data into the cloud, and Youdan says this will enable the exchange to see how added services can be provided on the back of the extensive content sets, which range from exchange data to Stock Exchange Daily Official List identifiers.
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 Awards & Rankings
Buy-Side Technology Awards 2024 winner’s interview: SimCorp
SimCorp won the Best buy-side investment book of record (Ibor) platform category in this year’s Buy-Side Technology Awards. Christian Kromann, CEO of SimCorp, discusses the win.
BST Awards 2024: Best buy-side data management product—NeoXam
Product: NeoXam DataHub
BST Awards 2024: Best buy-side execution venue—360T
Product: 360T
Buy-Side Technology Awards 2024: All the winners and why they won
The 39 category winners of the 2024 Buy-Side Technology Awards.
BST Awards 2024: Best buy-side performance measurement and attribution product—FactSet
Product: FactSet Performance Solutions
BST Awards 2024: Best buy-side newcomer (vendor or product)—Exegy
Product: nxFramework
BST Awards 2024: Best buy-side managed data service—S&P Global Market Intelligence
Product: iLEVEL Managed Data Services