Introducing a common data layer for financial markets

to advances in technology over the past three years, combined with a huge reduction in the cost of tick databases. Additionally, cloud adoption enables low-cost tools to deliver sophisticated analytics to clients analysing their trading data.

Benefits for all

Tradefeedr launched with FX, where fragmentation and data siloes are major issues. When we were building our common data layer, we ensured that there were benefits for all parties – to encourage adoption. Clients are provided with free access to their data and pre-built analytics, Liquidity Providers use the same data, in the same format, to enable a dialogue with clients, and venues/ECNs no longer need to develop their own bespoke analytics (which only showed the data where clients traded on their venue).

Our mission is to make data more accessible and useful for the people who need it most, and by applying the concept of open banking to financial markets, the buy-side, sell-side and trading venues benefit from a more transparent and efficient data process. This new approach has the potential to transform financial markets, providing greater transparency, easier access to trading data and better decision-making tools for all.

Having proved that a common data layer works in FX we are looking to extend services to include multi-asset coverage.

Ollie Cadman, CEO, The Realization Group