Colby Howard

Published on June 18, 2024


Featured Article

Pricing Data: Top Alternative Data Providers

Pricing data is a critical category of financial data that investors rely on to make informed decisions and navigate the complex world of investing. This data, which includes historical and real-time price information for a wide range of assets such as stocks, bonds, commodities, and currencies, forms the foundation of many investment strategies and risk management practices. As professional investors increasingly seek out high-quality, reliable, and timely market data, it has become essential to understand the leading companies that are driving innovation and setting the standard in this space. In this blog post, we will take a deep dive into the world of Pricing data, exploring the top companies that are shaping this vital category and the ways in which their offerings are empowering investors to make more informed decisions and achieve better outcomes.

Fenics MD

Company Summary

Fenics Market Data (Fenics MD), a division of BGC Partners Inc., is the exclusive distributor of financial market data for BGC Group, Inc. (NASDAQ: BGC) and its affiliates. The company provides a comprehensive suite of data products and services that cater to the needs of finance professionals, enabling them to make informed decisions and manage risk effectively. Fenics MD’s offerings facilitate price discovery, support detailed market analysis, aid in portfolio monitoring and valuation, and provide valuable insights for research purposes. As part of the global brokerage group BGC, which operates under various brands such as BGC, GFI, RP Martin, Amerex, Aurel BGC, Aurel, Sunrise, Remate, BGC Liquidez, Poten & Partners, Ginga, and Perimeter Markets, Fenics MD leverages the group’s extensive reach and expertise to deliver high-quality financial data solutions to its clients.

Key Features For Investors

Fenics Market Data (Fenics MD) offers a comprehensive suite of market data solutions tailored to meet the specific needs of hedge funds and asset managers. By providing access to a wide range of high-quality, real-time and historical data across various asset classes, Fenics MD empowers investors to make informed decisions and gain a competitive edge in the market.

Key features of Fenics MD’s offerings that are particularly valuable for hedge funds and asset managers include:

  • Extensive coverage of global markets, including equities, fixed income, foreign exchange, commodities, and derivatives
  • Real-time streaming data and delayed data options to suit different trading strategies and risk management requirements
  • High-precision, millisecond-level time-stamped data for accurate backtesting and analysis
  • Flexible data delivery options, including APIs, web-based platforms, and direct feeds, to seamlessly integrate with existing systems and workflows
  • Advanced analytics and tools for data visualization, charting, and technical analysis to support investment decision-making
  • Customizable data packages and pricing models to meet the specific needs and budgets of individual firms

By leveraging Fenics MD’s market data solutions, hedge funds and asset managers can enhance their market monitoring capabilities, identify trading opportunities, and optimize their portfolios. The depth, accuracy, and timeliness of the data provided by Fenics MD enable investors to stay ahead of the curve in today’s fast-paced and competitive financial markets.

Improving Investment Decisions

Fenics Market Data (Fenics MD) empowers hedge funds and asset managers to make better-informed investment decisions by providing comprehensive, high-quality financial data solutions. By leveraging Fenics MD’s extensive coverage of global markets, real-time and historical data, and advanced analytics, investors can gain deeper insights into market dynamics, identify profitable opportunities, and manage risk more effectively.

Fenics MD’s data solutions enable hedge funds and asset managers to:

  • Enhance market monitoring and price discovery across various asset classes, including equities, fixed income, foreign exchange, commodities, and derivatives
  • Conduct in-depth analysis and research using high-precision, time-stamped data to uncover trends, patterns, and anomalies
  • Develop and backtest trading strategies using historical data to optimize performance and manage risk
  • Integrate data seamlessly into existing systems and workflows through flexible delivery options, such as APIs and direct feeds
  • Customize data packages and pricing models to align with specific investment strategies and budgetary requirements
  • Leverage advanced analytics and visualization tools to gain actionable insights and support data-driven decision-making

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Tradition Data

Company Summary

TraditionData is a leading provider of high-quality, consistent Over-the-Counter (OTC) financial market data sourced directly from Tradition, one of the world’s largest interdealer brokers. The company offers comprehensive data coverage across a wide range of markets, including FX & Money Markets, Interest Rate Derivatives, Credit & Fixed Income, and Energy & Commodities. TraditionData’s extensive product suite, tailored to meet individual business needs, includes real-time, hourly, and end-of-day data for over 200 products and 200,000 instruments. With a global presence in more than 40 offices and a rich heritage backed by Tradition’s strength and reputation, TraditionData provides precise financial market data to support informed business decisions.

Key Features For Investors

TraditionData offers comprehensive OTC market data solutions that provide hedge funds and asset managers with valuable insights to inform their investment strategies. By delivering extensive, high-quality data across major asset classes, TraditionData enables investors to enhance their market analysis and decision-making processes.

Key data offerings that are particularly useful for hedge funds and asset managers include:

  • Real-time, intraday, and end-of-day pricing data for OTC derivatives, fixed income securities, FX, and money market instruments
  • Historical tick data and time series for backtesting and quantitative analysis
  • Volatility surfaces, correlations, and other derived datasets for risk management
  • Reference data for curve construction, valuations, and risk modeling
  • Market intelligence reports and commentary providing context around market moves and sentiment

Improving Investment Decisions

TraditionData empowers hedge funds and asset managers to make more informed investment decisions by providing comprehensive, high-quality OTC market data across major asset classes. The company’s extensive data offerings enable investors to enhance their market analysis, risk management, and investment strategies.

TraditionData’s data solutions help investors to:

  • Leverage real-time, intraday, and end-of-day pricing data for OTC derivatives, fixed income securities, FX, and money market instruments to stay on top of market movements and identify opportunities
  • Utilize historical tick data and time series for backtesting and quantitative analysis to validate and optimize investment strategies
  • Incorporate volatility surfaces, correlations, and other derived datasets into risk management processes to better assess and manage portfolio risk
  • Employ reference data for curve construction, valuations, and risk modeling to ensure accurate pricing and risk assessment of complex instruments
  • Gain insights from market intelligence reports and commentary to understand the context behind market shifts and gauge overall sentiment

By integrating TraditionData’s comprehensive OTC market data into their investment processes, hedge funds and asset managers can make more informed decisions, enhance risk management, and potentially improve their overall investment performance.

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Intrinio

Company Summary

Intrinio is a comprehensive financial data provider that offers a wide array of high-quality data products and flexible delivery options to support businesses in the fintech, financial services, and corporate sectors. Through their powerful APIs, direct database access, and file downloads, Intrinio delivers real-time, intraday, and historical market data, as well as standardized and as-reported fundamentals, options data, and various other financial datasets. The company’s dedicated customer success team, extensive documentation, and technical support ensure seamless integration and reliable data delivery for clients. By providing cutting-edge tools and premium support, Intrinio aims to power innovation in the finance industry and enable businesses to develop groundbreaking applications and platforms.

Key Features For Investors

Intrinio offers a comprehensive suite of financial data solutions tailored to the needs of hedge funds and asset managers. By providing access to a wide range of high-quality, timely, and affordable market data, Intrinio empowers investors to make better-informed decisions and gain a competitive edge in today’s fast-paced financial markets.

Key features of Intrinio’s data that investors find valuable include:

  • Real-time, intraday, and historical pricing data for stocks, options, futures, forex, and cryptocurrencies
  • Extensive coverage of global securities across multiple asset classes and exchanges
  • Normalized and adjusted pricing data to ensure consistency and comparability
  • End-of-day summary data, including open, high, low, close, and volume metrics
  • Reference data, such as security master information, corporate actions, and dividend data
  • Flexible data delivery options, including REST API, WebSocket, FTP, and direct database access
  • Customizable data solutions tailored to specific investor requirements
  • Reliable data infrastructure ensuring high availability and minimal latency

Improving Investment Decisions

Intrinio empowers hedge funds and asset managers to make better-informed investment decisions by providing access to a wide range of high-quality, timely, and affordable financial data. The company’s extensive data coverage, flexible delivery options, and customizable solutions enable investors to gain deeper insights into market trends and company performance, ultimately enhancing their investment strategies.

Intrinio’s alternative data solutions help investors improve their decision-making processes in several key ways:

  • Comprehensive data sets, including fundamentals, market data, news, and alternative data like sentiment analysis and web traffic, provide a holistic view of investment opportunities
  • Flexible data delivery options, such as REST API, WebSocket, FTP, and direct database access, allow seamless integration with existing systems and workflows
  • Affordable pricing plans make high-quality financial data accessible to a broader range of investors, enabling smaller hedge funds and asset managers to leverage alternative data
  • Customizable data solutions tailored to specific client needs ensure that investors have access to the most relevant and actionable insights
  • Reliable data infrastructure with high availability and minimal latency enables faster and more efficient decision-making, giving investors a competitive edge in fast-paced markets

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Ice

Company Summary

Intercontinental Exchange (ICE) is a global leader in financial markets, providing a wide array of services and solutions across major asset classes. ICE was a pioneer in digitizing exchanges, offering transparent and accessible markets for price discovery, capital raising, and indexing. The company provides extensive, high-quality market data and analytics through end-to-end solutions that deliver actionable insights for decision-making. Additionally, ICE is transforming the mortgage industry by digitizing the entire process to reduce costs and increase efficiencies. With its strong presence in energy markets, comprehensive ETF platform, and commitment to sustainability, ICE continues to leverage its expertise in data, technology, and analytics to support the evolving needs of market participants worldwide.

Key Features For Investors

ICE provides a comprehensive suite of market data, analytics, and trading solutions that empower hedge funds and asset managers to make better-informed investment decisions. By offering extensive historical and real-time data across multiple asset classes, along with powerful analytical tools, ICE enables investors to identify trends, assess risks, and seize opportunities in fast-moving markets.

Key features of ICE’s offerings that investors find valuable include:

  • Real-time, delayed, and historical market data for equities, fixed income, commodities, and currencies
  • High-quality reference data, indices, and analytics to support investment analysis and decision-making
  • Efficient trading platforms and exchanges, such as NYSE and ICE Futures, for seamless execution and price discovery
  • Comprehensive suite of indices across asset classes, serving as benchmarks and underlying for investment products
  • Robust clearing services to mitigate counterparty risk and enhance market stability

Improving Investment Decisions

Intercontinental Exchange (ICE) provides a comprehensive suite of market data, analytics, and trading solutions that empower hedge funds and asset managers to make better-informed investment decisions. By offering extensive historical and real-time data across multiple asset classes, along with powerful analytical tools, ICE enables investors to identify trends, assess risks, and seize opportunities in fast-moving markets.

ICE’s offerings help investors improve their decision-making process in several key ways:

  • Access to real-time, delayed, and historical market data for equities, fixed income, commodities, and currencies, allowing for in-depth analysis and trend identification
  • High-quality reference data, indices, and analytics to support investment research and strategy development
  • Efficient trading platforms and exchanges, such as NYSE and ICE Futures, for seamless execution and price discovery
  • Comprehensive suite of indices across asset classes, serving as benchmarks and underlying for investment products
  • Robust clearing services to mitigate counterparty risk and enhance market stability, enabling effective risk management

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Six

Company Summary

SIX Group is a leading financial infrastructure provider that connects global financial markets by offering comprehensive services to a broad international client base. As the operator of the Swiss and Spanish financial centers’ infrastructure, SIX provides a wide range of services, including listing, trading, and post-trade services for the SIX Swiss Exchange, Europe’s third-largest stock exchange. The company also delivers financial information to help institutions comply with complex regulations, identifies and influences market and policy developments through its regulatory affairs team, and invests in its employees and innovative ideas to support the future of financial markets.

Key Features For Investors

SIX provides a wide array of financial data, infrastructure, and services that are highly valuable for hedge funds and asset managers seeking an edge in their investment strategies. The company’s offerings span multiple asset classes and markets, enabling investors to access comprehensive, high-quality data for enhanced decision-making.

Key features of SIX’s market data and pricing services that are particularly useful for investors include:

  • Real-time pricing data from the SIX Swiss Exchange and other global exchanges, ensuring investors have the most up-to-date information for trading and analysis
  • Extensive reference data covering instruments, entities, and corporate actions, enabling accurate risk assessment and portfolio management
  • Historical tick data and intraday pricing for backtesting, strategy development, and performance attribution analysis
  • End-of-day pricing and valuation services for a wide range of securities, supporting NAV calculations and regulatory reporting requirements
  • Customizable data feeds and APIs that allow seamless integration of pricing data into investors’ systems and workflows

Improving Investment Decisions

SIX plays a crucial role in helping hedge funds and asset managers make better investment decisions by providing comprehensive financial data, advanced analytics tools, and secure infrastructure. The company’s extensive suite of services empowers investors to access real-time market data, reference data, and historical data across various asset classes and regions, enabling them to conduct thorough research, identify trends, and uncover potential investment opportunities.

SIX offers a range of solutions that enhance the investment decision-making process:

  • Advanced analytics and data visualization tools that help investors process and interpret information more efficiently, gaining deeper insights into market dynamics and risk exposures
  • Valuation and pricing models that ensure accurate assessment of portfolio holdings and support regulatory reporting requirements
  • Customizable data feeds and APIs that allow seamless integration of high-quality financial data into investors’ proprietary systems and workflows
  • Regulatory compliance support, including Know Your Customer (KYC), Anti-Money Laundering (AML), and tax reporting services, enabling investors to focus on core investment activities while mitigating regulatory risks
  • Secure and reliable infrastructure, backed by robust cybersecurity measures and disaster recovery plans, ensuring the highest levels of data protection and service availability

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Exchange Data International

Company Summary

Exchange Data International (EDI) is a leading global provider of high-quality pricing, reference, and corporate actions data for the financial industry. With over 25 years of experience, EDI sources data from more than 700 exchanges and markets across 35 languages, covering millions of instruments. The company’s extensive dataset includes end-of-day pricing, security reference data, corporate actions, and economic indicators. EDI offers flexible licensing options, competitive pricing, and reliable data delivery through various channels such as SFTP and API. The ISO 9001 and ISO 27001 certified firm employs a team of 500 data experts to ensure the accuracy and timeliness of its data products. EDI’s commitment to innovation and customer satisfaction has earned it a reputation as a trusted partner for financial institutions, investment firms, and data vendors worldwide.

Key Features For Investors

Exchange Data International (EDI) provides a comprehensive suite of market data solutions that empower hedge funds and asset managers to make well-informed investment decisions. EDI’s extensive coverage, high-quality data, and flexible delivery options make it a valuable partner for investors seeking to gain a competitive edge in today’s markets.

Key features of EDI’s offerings that benefit investors include:

  • Global security master files with accurate and up-to-date instrument reference data across asset classes
  • End-of-day and historical pricing data for equities, fixed income, futures, options, and indices
  • Detailed corporate actions data covering dividends, splits, mergers, and other events
  • Flexible data delivery options including APIs, web-based solutions, customized feeds, and on-premise installations
  • Timely and reliable data processing and delivery to support time-sensitive investment decisions
  • Cost-effective pricing models that allow investors to access high-quality data while managing expenses

Improving Investment Decisions

Exchange Data International (EDI) empowers hedge funds and asset managers to make better-informed investment decisions by providing comprehensive, accurate, and timely financial data solutions. EDI’s extensive coverage, flexible delivery options, and commitment to quality enable investors to enhance their investment strategies, optimize portfolio performance, and manage risks effectively.

EDI’s data solutions offer several key benefits for investors:

  • Access to a wide range of global security data across asset classes, including equities, fixed income, futures, options, and indices
  • Detailed corporate actions and events data to help investors anticipate market movements and adjust portfolios accordingly
  • Accurate pricing and reference data for valuation, risk management, and regulatory compliance
  • Historical data and analytics for back-testing, trend analysis, and strategy development
  • Customizable data feeds and seamless integration with existing investment platforms and models
  • Timely and reliable data delivery to support time-sensitive investment decisions
  • Cost-effective pricing models that allow investors to allocate resources efficiently

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Alpaca

Company Summary

Alpaca is a developer-first platform that provides APIs for stock, options, and crypto trading, enabling users to build and connect trading algorithms, apps, and services. The company offers a unified suite of APIs for trading, market data, brokerage operations, and post-trade processing. Alpaca’s trading API supports commission-free trading of U.S. equities through its subsidiary Alpaca Securities LLC, a FINRA and SIPC member. The platform provides a paper trading environment for testing, an OAuth integration for secure authentication, and supports advanced trading strategies like margin and short selling. Alpaca’s comprehensive documentation, tutorials, and SDKs make it easy for developers to integrate its services into their applications.

Key Features For Investors

Alpaca provides a comprehensive suite of APIs and tools that enable hedge funds and asset managers to efficiently access market data, execute trades, and build powerful trading algorithms. By leveraging Alpaca’s platform, investors can gain a competitive edge through streamlined workflows, advanced analytics, and the ability to quickly adapt to changing market conditions.

Some of the key features that make Alpaca particularly valuable for hedge funds and asset managers include:

  • Real-time and historical market data: Alpaca offers high-quality, real-time stock and crypto market data through its Market Data API, allowing investors to make informed decisions based on the most up-to-date information. Historical data is also available for backtesting and analysis.
  • Commission-free trading: With Alpaca’s Trading API, hedge funds and asset managers can execute trades across multiple asset classes without incurring commission fees, reducing overall trading costs and enabling more efficient portfolio management.
  • Seamless integration: Alpaca’s APIs are designed to be developer-friendly, with extensive documentation, SDKs, and support for multiple programming languages. This allows investors to easily integrate Alpaca’s features into their existing systems and workflows.
  • Paper trading environment: Alpaca provides a paper trading API that enables investors to test and refine their trading strategies using real-time market data without risking actual capital. This is particularly useful for developing and validating new algorithms before deploying them in live markets.
  • Advanced order types and risk controls: The platform supports a wide range of order types, including market, limit, stop, and trailing stop orders, as well as advanced risk controls such as buying power limits and position closing. These features give investors greater control over their trades and help manage risk more effectively.

Improving Investment Decisions

Alpaca empowers hedge funds and asset managers to make more informed investment decisions by providing access to advanced trading tools, real-time market data, and a user-friendly API. The platform’s commission-free trading, paper trading environment, and support for advanced order types enable investors to efficiently execute and test their strategies, while the API-first architecture allows for seamless integration with existing systems.

Alpaca’s key features that help investors improve their decision-making process include:

  • Real-time and historical market data for accurate analysis and backtesting
  • Commission-free trading to reduce costs and support high-frequency strategies
  • Paper trading environment for risk-free testing and refining of trading algorithms
  • Advanced order types and risk controls for enhanced portfolio management
  • Seamless integration with popular data science and investment tools
  • Robust security measures to protect user data and ensure platform reliability
  • Access to U.S. stocks and ETFs for diversification opportunities

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QUODD

Company Summary

QUODD is a leading provider of comprehensive, on-demand market data solutions for the global financial services industry. Leveraging its proprietary technology and cloud-based infrastructure, QUODD enables clients, including banks, broker-dealers, insurance companies, retirement service providers, and fintech trading applications, to access tailor-made data products in their preferred formats. The company’s offerings include the QX Digital Platform for front, middle, and back-office workflows, QX Data for democratized market data consumption, streaming market data for various asset classes, and cloud-native market data solutions through its Fuel platform. With a commitment to customer service and innovation, QUODD monitors over 150 global exchanges, tracks trillions of transactions, and serves hundreds of financial institutions while maintaining a 99.999% uptime.

Key Features For Investors

QUODD provides a comprehensive suite of market data solutions that empower hedge funds and asset managers to make well-informed investment decisions. By delivering real-time, accurate, and reliable data across various asset classes, QUODD enables investors to stay ahead of the curve in today’s fast-paced financial markets.

Key features of QUODD’s offerings that benefit investors include:

  • Real-time pricing and trading data for equities, fixed income, derivatives, and other instruments, allowing for timely decision-making
  • Extensive historical databases for backtesting strategies and analyzing market trends
  • Customizable data feeds and integration options to seamlessly fit into existing investment models and tech infrastructures
  • Advanced analytics and decision support tools, including predictive modeling and risk assessment capabilities, to identify opportunities and manage portfolio risk
  • Cost-effective data management through consolidated feeds and a streamlined platform, enhancing operational efficiency
  • Compliance and regulatory support with controlled data dissemination and detailed audit trails to maintain transparency and adhere to standards

Improving Investment Decisions

QUODD empowers hedge funds and asset managers to make more informed and effective investment decisions by providing them with comprehensive, real-time market data and powerful analytics tools. By leveraging QUODD’s extensive historical databases, customizable data feeds, and advanced decision support tools, investors can gain a deeper understanding of market trends, identify potential opportunities, and manage portfolio risk with greater precision.

QUODD’s alternative data solutions enable hedge funds and asset managers to:

  • Access real-time pricing and trading data across multiple asset classes, facilitating timely decision-making
  • Perform rigorous backtesting of investment strategies using historical data to optimize performance
  • Integrate customized data feeds seamlessly into existing investment models and technological infrastructures
  • Utilize advanced analytics, including predictive modeling and risk assessment, to identify alpha-generating opportunities and manage risk effectively
  • Streamline data management processes and reduce costs through consolidated feeds and a unified platform
  • Maintain compliance with regulatory requirements through controlled data dissemination and detailed audit trails

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Polygon.Io

Company Summary

Polygon.io is a financial market data platform that provides real-time and historical data, along with powerful APIs and integration tools, to developers, traders, and fintech professionals. The company offers a comprehensive suite of market data APIs, including stocks, options, crypto, and forex, covering all US exchanges and beyond. Polygon.io’s data is accessible through various methods, such as REST APIs, WebSocket streams, and bulk downloads, and can be seamlessly integrated into popular platforms like QuantConnect. The platform also provides data analysis and visualization tools, market holiday calendars, and educational resources to support users in their trading and research activities. With a mission to democratize access to high-quality financial data, Polygon.io has become a go-to resource for anyone looking to build, innovate, and succeed in the fintech space.

Key Features For Investors

Polygon.io offers a comprehensive suite of real-time and historical financial market data that empowers hedge funds and asset managers to make more informed investment decisions. By providing access to a wide range of high-quality data through a single, user-friendly platform, Polygon.io enables investors to gain a competitive edge in the market.

Key features of Polygon.io’s data that investors find valuable include:

  • Real-time stock, options, forex, and crypto data across all U.S. exchanges
  • Historical tick-level data, end-of-day summaries, and corporate actions for backtesting and analysis
  • Flexible and customizable APIs, including REST and WebSocket, for seamless integration with trading systems
  • Robust and scalable infrastructure with 99.9% uptime guarantee to support high-frequency trading
  • Comprehensive documentation, libraries, and code samples to facilitate rapid development and deployment
  • Transparent and competitive pricing plans that cater to the needs of various investor types and sizes

Improving Investment Decisions

Polygon.io empowers hedge funds and asset managers to make more informed investment decisions by providing access to a comprehensive suite of real-time and historical financial market data. The platform’s extensive coverage of stocks, options, forex, and crypto markets, combined with its flexible APIs and robust infrastructure, enables investors to gain a competitive edge in the fast-paced world of finance.

Polygon.io’s alternative data helps investors improve their decision-making process in several key ways:

  • Real-time data feeds allow investors to monitor market movements and quickly respond to opportunities or threats
  • Historical tick-level data and end-of-day summaries facilitate backtesting and analysis of trading strategies
  • Customizable APIs and webhooks enable seamless integration with existing trading systems and algorithms
  • Comprehensive market coverage across multiple asset classes helps investors diversify their portfolios and manage risk
  • Reliable and scalable infrastructure ensures high-quality data delivery and supports high-frequency trading activities

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ManagementTrack

ManagementTrack by Paragon Intel is the leading source of analysis on executives. Hedge Funds and Asset Managers rely on ManagementTrack for the management portion of any investment thesis. Predictive ratings, verified data, and proprietary interviews with high level former peers of executives allow professional investors to understand how the people leading a company will impact its performance.

Learn more here: https://paragonintel.com/management-track-platform/

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