Goldilocks and the Consolidated Market Data Feed Vendors: Searching for “Just Right”
Report Summary
Goldilocks and the Consolidated Market Data Feed Vendors: Searching for “Just Right”
Clients have different needs, but consolidated feed consumers are unwilling to sacrifice data quality.
Boston, October 19, 2012 – A new report from Aite Group assesses the commercial consolidated market data feed vendor landscape. Based on requests for information and client testimonials from 10 vendors in conjunction with an array of client feedback obtained through proprietary Aite Group research, the report highlights the strengths, weaknesses, and opportunities of each vendor.
While consumers of consolidated market data feeds tend to be satisfied with the asset-class coverage available from various vendors, they are concerned by the lack of geographic coverage for emerging markets. While latency needs vary from firm to firm, clients and potential clients are unwilling to sacrifice data quality. In selecting a consolidated market data feed vendor, consumers should be aware of their current and future needs, especially in regards to these categories of key importance.
“For consumers, value is more important than price,” says Danielle Tierney, analyst with Aite Group and co-author of this report. “Clients will be satisfied with a premium-priced offering that meets their service and coverage needs, and clients with specific requirements understand that lower-cost products will justify a lack of value-added services.”
The report profiles and assesses consolidated data feed vendors ACTIV Financial, Bloomberg, Direct Edge, Fidessa, Interactive Data, NYSE Technologies, S&P QuantHouse, SIX Financial, SunGard, and Thomson Reuters. It also references BGC Market Data, CQG, Deutsche Boerse, Fixnetix, MarketAxess, Markit, Morningstar, and NASDAQ OMX.
This 43-page Impact Report contains 25 figures and four tables. Clients of Aite Group’s Institutional Securities & Investments service can download the report.