Survey Reveals Market Participants Prioritize Market Data Quality Over Cost
Coalition Greenwich, in a collaboration with SIX, interviewed 79 global buy-side and sell-side firms to confirm what drives their choice of market data vendor, what types and frequency of data these firms are buying and consuming and their views on anticipated future use cases, sources and delivery.
The vast majority of the market are investing more into data. However, far more thought and research is being put into which firm they will work with as a vendor. As sources of data and data types grow, there is more optionality in the vendor market than before without forgoing quality.
Key Findings
- Data accuracy, data feed reliability and speed of delivery are more important than the rising cost of market data
- The use of cloud technology and APIs in market data delivery is set to become more widespread
- Growing demand for access to real-time market data
Key drivers when choosing market data providers
- Data accuracy
- Feed availability
- Timeliness
- Data coverage
Overall preferred market data delivery method in the next 3 to 5 years
- 64% Cloud
- 46% API
The market data frequency needed
- 76% Real-time
- 46% Delayed (end of day)
- 44% Delayed (streaming)
- 42% Delayed (intraday/ snapshot)
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Get the highlights of the Coalition Greenwich-SIX Global Market Data Survey in this infographic.
View InfographicHow to Make the Most of Market Data?
Market data means different things to different organisations, it can be extremely expensive, and often comes with limited licensing contracts. It must be carefully sourced, governed, quality checked, and integrated. And it must be fit for purpose across a number of applications as it is increasingly used to not only meet regulatory obligations, but also make timely, accurate, and informed business decisions.
Watch this A-Team webinar to hear more about:
- challenges of sourcing, implementing and consuming market data
- review of best practice solutions
- trends in data distribution, managed services, market data technologies, and supplier dependency
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SIX sources and consolidates market data from all over the world, fine-tuning its service to the evolving needs of finance professionals. The market data provided by SIX facilitates systematic comparison and analysis of global securities, using detailed information such as time and sales data for a precise view of market conditions. Access our market data via consolidated feeds, desktop display terminals, and mobile platforms.