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Market data: a buyer's guide
What we list in this category, where each entry came from, and the questions worth pressing on before you commit.
Every entry below was recorded from a page we opened, and each carries the source we read. Where we could not establish something it is left blank rather than guessed. Read how this site works if you want the detail.
What we list
Every product we hold in this category, in one list. A supplier that has run in production for twenty years and one that launched last year appear together and carry the same fields, because that is the comparison a buyer has to make. Each entry's founding year and owner are on its company page where the company states them, and both bear on continuity: long service is evidence a supplier will still be there, and a young supplier may offer capability and pricing the incumbents do not while carrying fewer references at your size.
- 9fin — News, data and analytics on leveraged finance, private credit and distressed debt for credit investment teams. source
- Aiera — Permissioned AI access to broker research, expert insights, event transcripts, filings and news through dashboards, APIs and integrations. source
- AlphaSense Platform — Search and AI research platform (SuperAnalyst, Deep Research, Tegus expert insights) that absorbed Sentieo, the research management product many funds previously bought. source
- Amberdata — Crypto and blockchain market, DeFi and derivatives data with analytics, risk and compliance tools; Amberdata's own site carries the news of its acquisition by Kaiko, so lists still showing it as independent are out of date. source
- Atlas — Managed trading infrastructure and connectivity platform for financial firms; trade press lists Options among FIX connectivity providers, though the pages I read describe market data and trading connectivity without naming FIX. source
- BMLL Data Feed — Delivery of BMLL's historical market data and derived analytics into a firm's own systems by API, file transfer, cloud data warehouse or data platform. source
- BMLL Data Lab — A data science platform holding years of harmonised Level 3 order book history with built-in analytics and scalable compute, used for backtesting, transaction cost analysis and market structure research. source
- BMLL Vantage — A no-code visual application over the same Level 3 order book data, giving trading and execution teams more than 500 market quality and liquidity metrics to chart, share and export to Excel. source
- BVAL (Bloomberg Valuation Service) — Bloomberg's evaluated pricing service for fixed income, widely used by buy-side firms; I could not open any Bloomberg page to confirm the product name or coverage. source
- Barchart OnDemand — Market data APIs and feeds from Barchart covering prices and reference information across asset classes. source
- Bloomberg AIM — Buy-side order and portfolio management suite built around the Bloomberg terminal data and analytics stack. source
- Bloomberg ESG Data — ESG data on roughly 16,000 companies delivered inside the Bloomberg Terminal alongside market data. source
- Bloomberg PORT — Portfolio and risk analytics function on the Bloomberg Terminal, widely used for return attribution against benchmarks. source
- Bloomberg Terminal — Software system giving financial professionals real-time market data, news, analytics and trade execution; it debuted in December 1982. source
- BlueGamma — Live interest rate forward curves for SOFR, SONIA, EURIBOR, CORRA and 30-plus other benchmarks, delivered by web app, Excel add-in and REST API for swap pricing and mark-to-market. source
- BondCliQ — Centralised corporate bond pricing data delivered as a data service. source
- Calcbench — Extracts and organises financial statement and disclosure data from SEC filings and earnings releases, available via web platform, Excel add-in and API. source
- Clarus Financial Technology — Analytics for derivatives margin, scenario analysis and hedging, plus aggregated data on swaps and other derivatives. source
- Coin Metrics — Digital-asset market and on-chain data, reference rates, prices, indexes and the datonomy classification system, delivered by API to asset managers, hedge funds and crypto funds. source
- CoinDesk Indices (CDI) — FCA-regulated benchmark administrator with 400-plus BMR-compliant crypto indices including the CoinDesk 20 and the CoinDesk Bitcoin Price Index, in continuous operation since 2014; the former CCData site (ccdata.io) now redirects to CoinDesk Data and its index pages to CoinDesk Indices. source
- CreditSights — Independent credit research, covenant analysis, news and financial data on global credit markets for asset managers and insurers. source
- DataScope corporate actions — Intraday corporate actions data delivered in ISO 15022 and proprietary formats for pre-trade and post-trade processing. source
- Databento — Usage-priced APIs for real-time and historical tick data with full order book depth across futures, options and equities, plus raw PCAPs and reference data; the site announces a $97M Series B and more than 3,000 customer firms, and its own timeline dates the founding to February 2019. source
- EDI Reference Data — Independent supplier of global corporate actions, pricing and security reference data drawn from around 700 sources. source
- EODHD APIs — Real-time, historical and end-of-day data APIs covering 60-plus exchanges and 150,000-plus tickers, with fundamentals, WebSocket feeds and news; the site's copyright line reads Unicorn Data Services, 2017-2026, which is not a stated founding year. source
- EODHD ID Mapping API — Low-cost API that resolves CUSIP, ISIN, FIGI, LEI and CIK to tradable symbols and back, used by smaller funds that cannot license a full security master. source
- Evaluated Pricing Service — Evaluated prices across 36 currencies for investment grade, high yield, ABS, MBS and CLO instruments, refreshed six times daily. source
- Exegy Ticker Plant — Hardware-accelerated market data ticker plant and feed handling, sold alongside nxFeed, the Exegy Nexus managed FPGA platform and a normalized feed marketed as Market Data as a Service; the present company is the 2021 merger of Exegy and Vela Trading Systems. source
- FactIQ — Supplies company financial results, market prices and economic indicators to AI agents, with plans for individuals and for firms and connections to common AI clients. source
- FactSet — Integrated workstation for real-time news, quotes, company analysis and portfolio analysis, formed in 2009 by merging the earlier DIRECTIONS, Marquee and IBCentral platforms. source
- Financial Datasets — A market data API written for AI agents, covering real-time prices, 30 years of fundamentals, operating metrics and SEC filing excerpts across about 27,500 stocks. source
- Finnhub — APIs for real-time stock prices, company fundamentals, estimates, economic data and alternative data. source
- Global Macro Sentiment Indices — Converts news, macroeconomic and geopolitical events into point-in-time sentiment signals for countries, commodities and FX, delivered by API, Excel and feed to hedge funds and asset managers. source
- GlobalCorporateActions API — Cloud REST API for corporate actions data across more than 190 exchanges, pitched as a replacement for legacy feeds and files; xignite.com now redirects to QUODD. source
- GoldenSource EDM — Golden-copy enterprise data management built from Security Master, Entity Master, Product Master and a packaged cloud edition called EDM Now. source
- Haver Analytics — Provides more than 290 economic time-series databases delivered through DLX software, the HaverView website, direct feeds and API. source
- ICE Consolidated Feed — Streaming low-latency consolidated data feed delivered over the ICE Global Network, alongside ICE Consolidated History for tick archives and Continuous Evaluated Pricing. source
- ICE Index Solutions — Fixed income focused index family that its own page says benchmarks about $2.0 trillion of assets, sold alongside custom index and benchmark-transition services. source
- ICE Pricing and Evaluations — Independent end-of-day and continuous evaluated prices for fixed income, loans, whole loans and derivatives, delivered by an SEC-registered investment adviser entity. source
- ICE Pricing and Reference Data — Securities reference data alongside evaluated pricing and curves, delivered through the legal entity ICE Data Pricing & Reference Data, LLC. source
- Internal Research Notes (IRN) — FactSet's research management product: a central repository for internal research notes, meeting notes and supporting documents for buy-side and wealth teams. source
- Intrinio — Financial data APIs delivering real-time and historical market prices, fundamentals and related datasets. source
- KDB-X — Time-series and vector database with analytics used by capital markets firms for large volumes of market and trading data. source
- Kaiko Indices — BMR-compliant digital asset reference rates, multi-asset crypto indices and third-party calculation agent services including NAV calculation; the crypto index firm Vinter's domain now redirects into Kaiko, and Kaiko has also acquired Amberdata. source
- Kaiko Market Data — Digital asset market data feeds, fair value pricing, indices and surveillance for institutions and regulators; the homepage announces that Kaiko has acquired Amberdata. source
- Kaiko Reference Data — Digital asset reference data covering crypto asset identifiers, supply metrics and derivative contract specifications, alongside market data, indices and fair value pricing. source
- Koyfin — Web-based research and market data platform with dashboards, charting and client-ready reports, built explicitly as a lower-cost alternative to the incumbent terminals; teams also sit in Miami, Ukraine and Buenos Aires. source
- Kpler — Real-time data on trade flows across more than 40 commodities, power markets and maritime shipping. source
- LSEG ESG Scores and Data — ESG scores plus Green Revenues, climate transition and sovereign sustainability datasets delivered through LSEG Workspace; this is the former Refinitiv ESG business and the Refinitiv brand has been retired since 2023. source
- LSEG Pricing Service — Independent evaluated pricing covering over 3 million fixed income securities and derivatives; blends dealer quotes, trade prices and comparable instruments. source
- LSEG Workspace — Market data workstation combining datasets, Reuters News, StarMine and MarketPsych analytics and a Python environment called CodeBook; it is the successor to Refinitiv Eikon. source
- Macrobond — Macroeconomic and financial time-series research platform with data feeds and AI assistants, used by hedge funds, asset managers and pension funds. source
- Market Data Spend Analytics — The same price benchmarking applied to market data contracts, covering index providers, rating agencies, pricing and reference data, analytics and ESG vendors. source
- Massive Market Data API — Real-time and historical data from all US exchanges, dark pools and OTC markets plus options, indices, currencies and futures, over REST, WebSocket and SQL; polygon.io now 301-redirects to massive.com, so buyers searching the old name land here. source
- Morningstar Direct — Software platform giving professional investment managers data and analytics to build products and portfolios. source
- NCFX TCA — In-flight and post-trade FX transaction cost analysis priced off its own FCA-regulated benchmark data, independent of any bank or broker. source
- Nasdaq Data Link — Data marketplace distributing financial, economic and alternative datasets to analysts and quantitative teams. source
- NeoXam DataHub — Master data management platform that consolidates securities, entities, corporate actions, funds, ESG and benchmark data into one golden copy for buy-side and asset-servicing firms. source
- Neptune — Network that distributes dealer bond axes and inventory data to buy-side traders. source
- Octaura — Electronic trading and market data platform for leveraged loans and CLOs. source
- Octus — Credit intelligence platform with news, data and analysis for buy-side credit investors, including CLO and performing credit managers. source
- Optimize Spend — Enterprise expense management for market data, research and subscription spend, tracking over $10 billion of subscription cost for financial institutions. source
- Orbit Platform — Brings public filings, a firm's internal files and third-party data into one place for institutional investors, answers questions in plain language with citations back to the source document, and monitors companies and portfolios continuously. source
- Pico Market Services — Managed trading infrastructure, colocation, connectivity and market data across 55+ data centres, with Corvil Analytics for packet-level monitoring, used by hedge funds and asset managers. source
- PricingDirect — Independent evaluated pricing provider for fixed income; the site loaded but returned no product or ownership detail I could read. source
- Prime EDM — Enterprise data management for pricing and reference data that names corporate actions as a core use case; Gresham also sells Control Cloud, Connect Cloud, Pulse Data and Opus EDM. source
- Proximity Cloud — Fully managed low-latency compute, colocation and connectivity for trading firms and asset managers, alongside Exchange Cloud for venues and Beeks Analytics; the group is a publicly listed plc. source
- QUODD QX Digital Platform — Cloud-delivered market data covering pricing, reference data and fundamentals for more than 1,800 institutions, sold as the QX Digital Platform, APIs and data feeds, and an Equity+ securities workstation. source
- QUODD Security Master and Reference Data — Normalised security master across 200+ markets with Symbol, CUSIP, ISIN, FIGI and SEDOL mapping, plus corporate actions, mutual fund and fixed income reference data delivered by API; the xignite.com domain now redirects to QUODD. source
- Quartr — Structured feed of public company material such as earnings calls, transcripts, reports and presentations, delivered by app and API. source
- Reflexivity — Investment analysis platform for institutional investors that applies AI to licensed market and fundamental data to surface explained insights. source
- Rimes Enterprise Data Management — Ingests, validates, enriches and governs investment data across asset classes and delivers it into tools such as Databricks and Snowflake. source
- S&P Capital IQ Pro — Desktop platform from S&P Global Market Intelligence delivering multi-asset and real-time data, research, news and analytics to institutional clients; the source page describes the Capital IQ brand rather than the Pro platform in detail. source
- S&P Global AI Data Portal — Connects large language models and AI agents to S&P Global financial and market data through structured and adaptive retrieval. source
- SIX Market & Reference Data — Pricing, corporate action and instrument data across 36 million instruments, delivered by market data feed, APIs, files, Snowflake or the SIX iD desktop display. source
- SIX Reference Data (Valordata Feed) — Instrument master and reference data on over 30 million instruments, delivered by Valordata Feed, SIX Flex, web and bulk APIs, and Snowflake. source
- SOLVE Px — Pricing and quote data for corporate and municipal bonds used by asset managers and valuation teams. source
- State Street PriceStats Superset — The daily item-level price data underlying State Street's PriceStats inflation indices, sold so investors can trace inflation from individual products up to headline measures ahead of official statistics. source
- Stock Intelligence — Website, app and user-engagement trend data on public and private companies, sold to investors as a digital demand signal; Similarweb trades on the NYSE as SMWB. source
- TT platform — Multi-asset trade lifecycle platform for futures and options, fixed income, FX and crypto with algos, OMS, TCA and surveillance. source
- Tradefeedr Trading Data Platform — Independent FX execution analytics and TCA delivered as a shared API data layer between asset managers, banks and liquidity providers. source
- Twelve Data — API, WebSocket and SDK access to real-time and historical data for stocks, forex, crypto and fundamentals across 250-plus exchanges; the company describes itself as a distributed team with no single headquarters. source
- Vortexa — Energy market data built from cargo and vessel tracking, used by energy traders to follow oil and gas flows. source
- Worldwide Fixed Income Evaluated Pricing — Daily independent prices for corporate and municipal bonds, syndicated loans, agency MBS, CMO, CMBS, ABS and CLO securities. source
- Xignite Market Data Cloud — Cloud-native market data APIs built to run in AWS; xignite.com now issues a 301 redirect to quodd.com, which is the clearest current sign that the product sits inside QUODD rather than an independent Xignite. source
- dxFeed Index Management Solution — Outsourced index calculation and administration with custom dissemination schedules, corporate action treatment, rebalancing and quality monitoring, run off dxFeed's own market data. source
- dxFeed Market Data Feed and API — Live, historical and on-demand consolidated data across equities, futures, options, forex, crypto and indices, with analytics and visualization tools; the site states dxFeed and Devexperts both belong to dxFeed Solutions IE Limited. source
- nxFramework — FPGA development framework with FIX order entry support, sold alongside the nxAccess trading engine and an order execution library for latency-sensitive market access. source
- xyt Transaction Cost Analysis — Independent analytics-as-a-service TCA and pre-trade modelling built on normalised global market microstructure data; rebranded from big xyt in 2025 after a 10 million euro round led by Finch Capital in 2024. source
What to ask
These come from the same question bank our request-for-proposal process uses, so a guide and an RFP never drift apart. The four sections below carry the most weight in that bank.
Functional fit
Whether the system does the job for YOUR instruments, markets and volumes — not for the demonstration portfolio. The questions separate what runs in production today from what is on the roadmap, because that distinction disappears in a sales meeting and reappears during implementation. It also asks what still has to be typed in by hand, which every system has and few volunteer.
- Which asset classes does the product support in production today?
- Is there a full audit trail of who changed what and when, and can it be exported?
- Does the system enforce segregation of duties between front and back office?
- Is maker-checker approval supported on material actions, and is it configurable by action type?
- Can a valuation be sourced and approved independently of the people who trade?
Security and resilience
Whether the vendor's security is independently attested or merely asserted. The questions ask for certifications you can read, penetration tests you can see the summary of, and recovery objectives that are written down. Incident history is asked directly, because a vendor that has handled a breach well is often a safer choice than one that has never been tested.
- Which independent attestations do you hold currently?
- Will you provide the most recent report under a non-disclosure agreement?
- Is data encrypted in transit and at rest?
- Is single sign-on supported, and is multi-factor authentication enforced?
- Can your own staff see our data, and is that access logged and reviewable by us?
Compliance and regulatory
Whether the system stands up to your regulator and your auditor. Covers the reporting regimes the product supports directly, whether it can evidence who saw or changed a record, how long records are retained, and where in the world your data physically sits — which is a hard constraint for many firms rather than a preference.
- Can the system evidence to an auditor who saw or changed a given record, and when?
- In which jurisdictions is our data stored and processed?
- Are there any pending criminal matters or debarment proceedings involving the firm, its officers or its managers?
- Which regulatory reporting regimes does the product support directly?
- When a regime changes, is the update included in the licence or charged separately?
Clients and references
Whether they have done this for a firm like yours, and whether those firms stayed. Vendors present client counts and logos readily; they present ATTRITION reluctantly, which is why this section asks for clients lost and migrations completed as separate questions from clients won. Size fit decides more failed implementations than feature lists do, so it is asked directly.
- How many client firms use this product in production today?
- How many of those are of a similar type to our firm?
- How many are within our assets-under-management band?
- How many clients did you LOSE in each of the last three years?
- How many implementations begun in the last three years were abandoned before go-live?
You can send all 167 of these questions to the vendors you choose, and get every answer back side by side. Run an RFP — it is free to you and free to them.