David Anderson - Talking Market Data

David Anderson

If you work in financial 'Market Data' be you Data Vendor; Exchange; Technology/Service Provider; and especially if you work in a customer firm - we will be discussing all the burning issues and educating on core elements.

  1. FEB 3

    Feargal O'Sullivan (USAM) 2026 Episode 46

    https://www.linkedin.com/in/feargalosullivan/   In this podcast episode, David Anderson and Feargal O'Sullivan discuss the evolving landscape of the market data industry, touching on trends, challenges, and the impact of AI. They explore the complexities of data licensing, pricing dynamics, and the difficulties faced by smaller vendors in a consolidated market. The conversation emphasizes the importance of relationships in sales and the need for innovation within financial services, while also addressing the emotional aspects of sales decisions.   Takeaways: The market data industry has seen significant consolidation over the years. AI is becoming increasingly important in data interpretation and decision-making. Data licensing and intellectual property rights are complex and often contentious issues. Sales strategies must adapt to a more self-educating buyer landscape. Building relationships remains crucial in the sales process, despite the rise of digital communication. Smaller vendors face challenges competing against larger, established firms. Innovation is essential for staying relevant in the market data space. Procurement processes can hinder the adoption of new solutions. The emotional aspect of sales decisions cannot be overlooked. Firms should prioritize exploring innovative solutions to stay competitive. Chapters: 00:00 Introduction and Background 04:51 Market Data Industry Trends 10:05 The Role of AI in Market Data 16:18 Data Licensing and Intellectual Property 20:59 Cost vs. Value in Market Data Pricing 27:37 High Frequency Trading and Market Dynamics 29:18 The Controversy of High-Frequency Trading 30:32 The Market Data Industry Landscape 32:30 Challenges for Small and Medium Enterprises 41:06 The Evolution of Sales in Financial Services 52:20 The Importance of Innovation in Banking DAVID ANDERSON -- https://www.linkedin.com/in/atradia/

    59 min
  2. 2025-12-02

    Sally and Trish (Exchange Audits) Episode 44

    https://www.linkedin.com/in/sally-huxtable-b8703817/ https://www.linkedin.com/in/trish-gooch-2ba34649/ Summary In this conversation, David Anderson engages with market data experts Sally Huxtable and Trish Gooch from Exchange Audits to explore the complexities of auditing in the market data industry. They discuss their extensive backgrounds, the evolution of audits, the importance of data governance, and the practicalities involved in conducting audits. The conversation also touches on the various tools available for market data management, the future of digital rights management, and how firms can prepare for audits effectively. The experts emphasize the need for better communication and collaboration between exchanges and firms to streamline processes and improve compliance. Takeaways Sally and Trish have over 70 years of combined experience in market data. Audits focus on compliance, transparency, and accuracy in data usage. The nature of audits has evolved from vendor-focused to end-user audits. Data governance is crucial for compliance and effective audits. A well-organized firm can significantly reduce the time taken for audits. Market data tools are essential but often lack integration. Digital Rights Management (DRM) is still developing in the audit space. Firms should maintain clear documentation of their data usage and permissions. Enterprise licenses can simplify compliance and reduce audit frequency. Building direct relationships with exchanges can enhance understanding of policies. Chapters 00:00 Introduction to Market Data and Guests 02:45 Backgrounds and Experience in Market Data 05:48 Understanding Audits in Market Data 08:44 The Evolution of Audits Over Time 11:41 The Importance of Compliance and Governance 14:47 Types of Audits and Their Execution 17:47 The Role of Third-Party Auditors 20:46 Practicalities of Conducting an Audit 23:52 Tools and Technologies in Market Data Auditing 26:32 Challenges in Market Data Compliance 29:57 Mapping and Taxonomies in Market Data 31:41 Navigating Market Data Challenges 34:50 The Role of Digital Rights Management 38:46 Understanding Compliance and Licensing 42:34 Preparing for Audits Effectively 50:34 Future Directions in Market Data Management DAVID ANDERSON -- https://www.linkedin.com/in/atradia/

    58 min
  3. 2025-11-04

    Himanshu Gupta (Solace) - Episode 43

    https://www.linkedin.com/in/guptahim/ https://solace.com/ Summary: In this conversation, David Anderson speaks with Himanshu Gupta from Solace about the evolving landscape of market data, the role of event brokers, and the challenges faced in capital markets, including latency, volume, and fairness. They discuss the importance of quality of service in messaging solutions, the competitive landscape including Kafka, and the significance of specialization in financial services. The conversation also touches on the role of hardware in low latency solutions, cloud adoption, and the impact of AI and automation on market data processes. Finally, they explore Solace's innovations, including the Solace Agent Mesh, and the future of market data and managed services. Chapters: 00:00 Introduction to Himanshu Gupta and Solace 02:45 Market Data Distribution and Technology Stack 05:52 Understanding Event Brokers and Middleware 09:06 Challenges in Market Data: Latency, Volume, and Fairness 12:01 Quality of Service: Speed vs. Reliability 14:59 Competitive Landscape in Messaging Solutions 17:51 Kafka vs. Solace: Understanding Different Messaging Solutions 21:01 The Importance of Specialization in Capital Markets 23:50 The Role of Hardware in Low Latency Solutions 26:47 Cloud Solutions and Their Fit in Market Data 29:23 Deployment Preferences in Cloud Infrastructure 35:48 Navigating Cloud Migration Challenges 52:01 The Future of Market Data and AI Integration 58:04 The Impact of AI on Job Markets and Future Generations DAVID ANDERSON -- https://www.linkedin.com/in/atradia/

    1h 2m
  4. 2025-10-07

    Kevin Gower Episode 42

    (11) Kevin Gower https://www.linkedin.com/in/kevingower/| LinkedIn summary In this conversation, David Anderson interviews Kevin Gower, exploring his extensive background in market data, the evolution of data management systems, and the future of market data engineering. They discuss the importance of understanding data management, the role of DAX, and the challenges of legacy systems. Kevin emphasizes the need for market data engineers to adapt to new technologies and the opportunities that arise from the changing landscape of market data. takeaways Kevin Gower has a diverse background in market data, spanning multiple countries and roles.Occasional Digest started as a solution to market data issues related to public holidays.Advisory roles in DAX focus on changing perceptions of data management.DAX should be viewed as a data management tool rather than just a permissioning system.Understanding data usage is crucial for cost management in market data.The Advanced Transformation System (ATS) is underutilized in its capabilities.Market data engineering is shifting from plumbing to analytics and data management.There is a shrinking pool of market data engineers, raising concerns for the future.Legacy systems pose challenges, but compelling events can drive change.Opportunities in market data are abundant for those willing to adapt.titles Navigating the Market Data Landscape with Kevin GowerThe Evolution of Market Data EngineeringSound Bites "I see those as opportunities, not threats.""The compelling event is what drives change.""Learn the products, learn the data."DAVID ANDERSON -- https://www.linkedin.com/in/atradia/

    58 min

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If you work in financial 'Market Data' be you Data Vendor; Exchange; Technology/Service Provider; and especially if you work in a customer firm - we will be discussing all the burning issues and educating on core elements.