A New Model for Financial Data Distribution
A new professional data marketplace has officially launched, signaling a potential shift in how critical financial information is disseminated across the industry.
Foundation Built with Major Institutions
The platform's launch is backed by a strong consortium of six premier data publishers: Euronext, Exchange Data International, Fidelity Investments, OTC Markets Group, SGX's foreign exchange data division, and Tradeweb. Traditionally, these institutions relied on conventional data vendors and proprietary terminals to distribute their valuable datasets.
Key Advantage: Ownership and Control
The marketplace's fundamental architecture prioritizes publisher control. Institutions distributing data retain three essential rights:
- Data Ownership: Publishers maintain full legal ownership of their contributed data.
- Pricing Authority: They have autonomy to set access fees and define commercial terms.
- Attribution Rights: The source and provider of the data are clearly recognized and protected.
Diverse and Professional Data Coverage
The platform supports the distribution of a wide range of specialized data types, primarily including:
- Key macroeconomic indicators and statistical data.
- Real-time pricing and depth data for Over-The-Counter (OTC) markets.
- Authoritative foreign exchange benchmark rates and related analytical data.
This initiative aims to foster a more transparent, efficient, and source-respectful financial data ecosystem, potentially enhancing data access quality for global market participants.