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From ticker tape to television cameras, from databases to websites this multibillion-dollar industry provides data utilized in the financial sector. Paper ticker tape became obsolete in the 1960s, as television and computers were increasingly used to transmit financial information. The concept of
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vendors offer non-traditional datasets, typically defined as those that do not originate from securities exchanges, regulatory disclosures, or economic release indicators. These are used by quantitative and fundamental investors to enhance portfolio returns. Examples include consumer transaction
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The majority of financial data vendors can access data during trading sessions but with the requirement that any inquiry be in reference to historical market analysis. Analysis of historical market data provides a larger snapshot of the market at the expense of timely information (time inbetween
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data, satellite imagery, vehicle movements, and web data, including social media data. With an estimated three out of four financial institutions housing alt-data teams as of 2020, and 90% of firms expanding their alt-data strategy, alternative data is now arguably mainstream.
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According to the 2009 Burton-Taylor report, the Market Data industry exited 2009 at US$ 22.68 billion after closing 2008 at US$ 23.01 billion. In 2009, Thomson
Reuters and Bloomberg market share were virtually even, at 29.4% and 29.2% respectively.
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Local experience - Larger data vendors have sales and service offices and data centers worldwide in major financial centers in the US, Europe and Asia. This allows their customers to access local expertise without having to have a local
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Delivery method - Data is delivered either in a streaming format, or as snapshot files of streamed data, or as "end of day" files showing the position at the close of business of a certain market or region
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Delivery latency - vendors offer different amounts of data latency, with lower latency typically being more expensive and more complex. An individual vendor may offer different products with different
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Normalization and Data Model - Vendors collect from sources all around the world and then translates all of those formats into a single format (by vendor or by product) for consumption by either a
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Because the financial investment needed to provide the services needed, the industry had become ever more consolidated, but in 2004 it was forecast that the industry was beginning to fragment.
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Value Added
Services - Data value can be improved by adding on related services such as listing information, share data, fundamental data, time series, historical data, etc.
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Financial data vendors have been in existence as long as financial data has been available. The first technology that allowed data vendors to disseminate was the
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There are many different types of instruments (including stocks, bonds, funds, options, futures, currencies, etc.) and hundreds of different
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As of 2008, the largest four financial data vendors capture the $ 15.222 billion in annual revenues and employ tens of thousands of people.
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Ekster, Gene; Kolm, Petter N. (20 October 2020). "Alternative Data in
Investment Management: Usage, Challenges and Valuation".
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Delivery format - Data can be encoded heavily to optimize performance, or can be left in simple formats to simplify databasing
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The types of data offered vary by vendor, and most typically cover information about entities (companies) and instruments (
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Delivery transportation - Data can be delivered via
Broadcast, Multicast, Satellite, Private Line, VPN, or Internet
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etc.) which companies might issue. Typically, pricing data is sold separately from other related data, such as
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Most of the market differentiation between competitors is based on some combination of the following:
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starting in the 1870s. Financial data includes "pre-trade" such as bid-ask data necessary to price a
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The following are some notable financial data vendors that distribute data from multiple exchanges:
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to financial firms, traders, and investors. The data distributed is collected from sources such as
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This article is about financial data vendor in finance. For the concept related to economics, see
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364:"Annual Reports | Financial Information | Investor Relations | Thomson Reuters"
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or by the end user. Each vendor typically has a different way of modelling financial data.
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Delivery frequency - Data can be updated in real-time, delayed, conflated, or end of day.
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Reliability - High availability of data is a primary concern in the financial markets
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Intraday data is any data that is released within the same day or trading session.
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for investment, leading to an extremely large and hard to define universe of data.
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seen on brokerage walls and on news and financial television channels.
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The
Handbook of World Stock, Derivative and Commodity Exchanges
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The
Handbook of World Stock, Derivative and Commodity Exchanges
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346:"Yahoo Finance - Business Finance, Stock Market, Quotes, News"
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and post-trade data such as the last trade price and other
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39:and dealer desks or regulatory filings (e.g. an
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494:"Intraday Quotes for Major Stock Exchanges"
67:the stock ticker lives on, however, in the
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330:The end of the age of the Big Vendors?
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563:"Licensed Market Data Distributors"
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310:Reference data (financial markets)
121:including company performance and
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512:"Historical Stock Market Data"
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197:List of financial data vendors
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549:"Nasdaq Market Data Vendors"
111:corporate actions and events
69:scrolling electronic tickers
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516:QuantShare Trading Software
498:QuantShare Trading Software
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409:"SIX Group - Organisation"
147:Alternative data (finance)
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275:SIX Financial Information
180:financial data processor
132:there are data known as
18:Supplier risk management
583:Financial data vendors
280:World Vest Base (WVB)
134:market reference data
115:valuation information
25:financial data vendor
475:Anderson D. (2005).
328:Delaney AP. (2004).
57:financial instrument
143:database updates).
593:Financial metadata
300:Bloomberg Terminal
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236:ICE Data Services
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588:Market data
260:Quincy Data
246:Morningstar
53:ticker tape
29:market data
577:Categories
448:2010-06-15
434:"About Us"
419:2010-06-15
394:2010-01-15
316:References
266:Quotemedia
166:latencies.
41:SEC filing
270:Refinitiv
250:OptionsIT
218:Databento
214:Bloomberg
192:presence.
27:provides
294:See also
535:3715828
227:Fidessa
222:Factset
96:markets
47:History
37:brokers
35:feeds,
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241:Markit
103:shares
463:"FAQ"
388:(PDF)
381:(PDF)
378:"PDF"
305:Eikon
263:Quodd
107:bonds
531:SSRN
479:. ''
253:Pico
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