Historical Market Data
Abstract
Historical market data has become an important growth segment within the market data industry for capital markets.
The growth in regulation and compliance requirements and the increasing importance of back-testing mean that historical market data is becoming a sought-after commodity.
In the report Historical Market Data, Celent looks at the rapid growth of the historical market data space in the last few years. There has been a spurt of offerings in the exchange-traded space, and it has become more competitive and commoditized.
In OTC derivatives and exotic products, however, data has been more difficult to procure and distribute. With the growth in regulatory requirements, the rise of swap execution facilities in the US, and generally more standardized and centrally cleared OTC derivatives products, we expect the historical market data requirements to increase for this segment.
Overall, North America is the largest market, followed by EMEA and Asia-Pacific. North America and EMEA are the largest OTC markets as well.
“Several types of vendors are competing in this market,” says Dr. Anshuman Jaswal, a senior analyst with Celent’s Securities & Investments practice and author of the report. “Some of the large firms that were relatively late entrants are trying to focus on more exotic and emerging market datasets.”
This report looks at the competitive landscape for historical data. It analyzes spending drivers and priorities for market data, including user preferences for deployment and pricing models. The report offers a high-level analysis of historical market data providers including their market presence, spectrum of offerings, and the market approach and strategy, including pricing.