Global Market Data Study 2024

Global Market Data Study 2024

Advanced Technology to Revolutionize Market Data Landscape

Advanced Technology Use Gives Market Data a Boost

Global Market Data Study 2024 by SIX

For this global market data study, Coalition Greenwich, in collaboration with SIX, interviewed 67 global buy-side and sell-side firms to discover and analyze the drivers of market data consumption and distribution and emerging technology adoption.

This research focuses on the types and frequency of data being consumed, including real-time and historical tick data. Further emphasis lies on the role of emerging technologies such as artificial intelligence and machine learning (AI/ML), including generative AI and large language models (LLMs). In addition, this paper explores the use of application programming interfaces (APIs) and the role of cloud for the delivery of market data.

Key Findings

Growth

The majority of study participants expect market data spend to increase by at least 1-5% in 2025 

Data Delivery

70% of respondents confirm APIs will drive their data business in the next 3–5 years

Emerging Technologies

75% of study respondents anticipate AI/ML to contribute the most to enhancing data consumption

Data Frequency

Historical tick data is critical for analytical and regulatory use cases and is being adopted by nearly all survey participants

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