Jim Toffey, one of the co-founders of Tradeweb and general e-trading pioneer, is heading up a pretty fascinating new venture. Using ultra sophisticated analytics Benchmark has created a market data service that streams corporate bond and single name CDS prices every 10 seconds even when the instruments haven’t traded in hours (or days or weeks). See is believing:
The guys from Exegy who run the Market Data Peaks website say market data rates will only continue to increase. I agree – although I’m not sure doubling in 2010 is necessarily in the cards. Either way everyone needs to be ready. An excerpt:
Data rates will certainly continue to grow with trading firms keeping considerable excess capacity on hand to handle unexpected market events,” noted Kevin McPartland, a TABB Group senior analyst specializing in OTC derivatives as well as technology issues. “We must also look to OTC markets such as FX and US Treasuries that are seeing huge growth in automated trading – where automated trading goes, increased data rates follow.