Wealth & Finance International - Q4 2022 11 Best Financial Market Data & Analytics Provider – TraditionDATA Whether it is for risk management, back-testing, hedging, or measuring the costs and quality of execution, data is a critical component of every financial institution’s arsenal. Underpinned by our global geographic coverage of both developed and emerging markets, TraditionDATA provides real-time data as the market moved based on prices sourced from its globally regulated businesses. A report from Burton-Taylor International Consulting revealed that global spend on financial market data reached a record $35.6 billion in 2021, with an increase of 7.6%. Despite rising demand, the pricing and consumption models for market data have largely remained the same for the last few decades and are arguably no longer fit for purpose. Whether it is for risk management, back-testing, hedging, or measuring the costs and quality of execution, data is a critical component of every financial institution’s arsenal. However, with such a large range of data sources available, organisations are increasingly seeking more value from their data spend. The majority of data vendors still require customers to buy data packages with vast quantities of information, much of which may not be needed. Large cumbersome data packages, vendor-dictated product suites, inflexibility in delivery mechanisms and, most important of all, legacy pricing methodologies, remain a challenge to the industry. TraditionDATA’s approach to this problem We are always pursuing new, diverse, and flexible ways in our approach to market data provision across all asset classes in the global OTC derivatives markets. By offering smaller, focused and more granular packages based on currency, region, or product, we enable our clients to pay for what they need, as opposed to larger packages that need unbundling. With over 1 trillion data points across 200+ products and 186k+ instruments going back 15+ years, as well as 43 offices in 30 countries, TraditionDATA’s ever-increasing data asset is providing participants across the global financial marketplace with the information they need to power their trading and business decisions. TraditionDATA is part of Tradition (Compagnie Financière Tradition S.A. (SWX: CFT)), one of the world’s largest interdealer brokers in over-thecounter financial and commodity related products. Tradition’s long history of managing pricing liquidity and trade execution across multiple asset classes in vanilla and complex products, in primary and emerging markets, enables TraditionDATA to source prices in many of the world’s fastest-moving markets that others can’t. The TraditionDATA team Led by CEO, Scott Fitzpatrick, we believe that our team is integral to our success and winning this award is testament to their effort. In response to growing demand for our flexible market data offering, we have hired top talent from leading institutions. In the past three months, we have brought on board four Business Development Managers, a Commodity Product Manager, and a Global Marketing Manager all based in London, alongside three new roles in our U.S. team as part of our continued global growth plans. Each person brings a wealth of experience and expertise from a range of backgrounds along with a passion for modernising the market data industry. This expansion demonstrates our commitment to delivering the best possible service to our clients. Expanding our offering So far in 2022, we have continued to build and publish over 135 new Interest Rate Derivative (IRD) curves and over 6,600 instruments. This augments the 30,000+ new interest rate derivatives instruments already published, with more constantly being developed in line with client demand. TraditionDATA has also grown its FX offering from around 2,500 instruments to over 12,000 as a result of an enhanced FX analytics product that will be relaunched in Q4. What’s next? Continued client and industry engagement by our product and customer services teams, along with input from our global brokerage division, keeps us aligned with market developments and consumer requirements. We look forward to providing new and enhanced products to our customers over the course of 2023. Contact: Lexa Palfrey Company: TraditionDATA Website: www.traditiondata.com Sep22456 TraditionDATA is disrupting this industry by offering smaller, focused, and more granular packages, enabling firms to pay for what they need, as opposed to larger packages that need unbundling.
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