Market & Alt Data Insight Market Data, Feeds & Trading Signals The latest content from across the platform
Upcoming Webinar: The Data Foundation for Alpha – How fragmented data is eroding hedge fund performance
Date: 23 June 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Alpha depends on more than models, talent and execution. It depends on the quality, consistency and timeliness of the data behind every investment decision. Many hedge funds still operate with fragmented datasets, inconsistent identifiers and manual reconciliation processes that…
Is the Real Value of Intraday Alternative Data in Risk, Not Alpha?
Intraday alternative data has long been the preserve of high-frequency and systematic desks, where speed provides an edge. But ask practitioners what decision it actually changes for a discretionary book, and the answer is rarely about generating a new trade, it is more about testing the one already on. Sizing, conviction and the risk sitting…
Zema Global and Natural Gas Intelligence Enhance North American Energy Data Partnership
Zema Global and Natural Gas Intelligence (NGI) have announced an enhanced data partnership designed to provide energy market participants with expanded natural gas pricing and flow data. Building on an existing seven-year relationship, the collaboration integrates NGI’s extensive datasets into Zema Global’s Decisioning Infrastructure to support curve analytics, portfolio valuation, trading, and risk management in…
Exegy Expands Axiom Market Data Feed to Cover Key Middle Eastern Exchanges
Exegy has expanded its real-time consolidated market data feed, Axiom, to include key Middle Eastern exchanges. The update introduces coverage for markets in Saudi Arabia (TASI), Qatar (QSE), Kuwait (KSE), Abu Dhabi (ADX), and Dubai (DFM). This data is delivered with low latency via Exegy’s London Points of Presence (PoP) at the Equinix LD4 and…
When Correlation Breaks: Why Crowding, Not Macro, Is Testing Quant Models
In February 2025, Goldman Sachs told clients the US equity market had become a stock-picker’s market: 74% of the typical S&P 500 stock’s return was being driven by company-specific factors rather than macro forces, against a 20-year average of 58%, and the bank expected that micro-driven environment to persist. Within weeks, sweeping tariff announcements had…
Kaiko Buys Amberdata as Digital Asset Data Consolidation Picks Up Pace
Kaiko has acquired Amberdata, its fifth acquisition and its second in a fortnight, in a deal that points less to any single transaction than to the speed at which the institutional digital asset data layer is consolidating into a small number of scaled providers. The Paris-headquartered firm announced the purchase of the US-based data and…
Testing an Assumption: Do AI Signals Really Decay?
Alpha decay is one of the foundational assumptions in quantitative finance. The empirical literature, beginning with McLean and Pontiff’s 2016 study of 97 anomalies and replicated and refined across multiple subsequent studies, has repeatedly found that returns degrade out-of-sample and degrade further once published. The assumption sits inside almost every institutional model risk framework as…
Five Rings Joins BMLL Client Product Advisory Board
Financial data and analytics provider BMLL has welcomed proprietary trading firm Five Rings to its Client Product Advisory Board (CPAB). The New York-based firm will contribute its technological and market structure expertise to help shape BMLL’s future product roadmap, supporting the board’s mission to elevate historical market data standards across the industry. Five Rings utilizes…
Where is the Edge When Everyone Has the Same Alt Data?
Has the institutional alternative data market reached a phase in which the easy sources of edge have closed? Datasets that once generated standalone alpha are widely distributed, the AI tooling layered on top of them is increasingly commoditised, and the differentiator has migrated to a less glamorous middle ground: validation, transformation, kill criteria, and the…
Is the Most Expensive Failure Mode in Alt Data on the User Side?
Asked at the A-Team/Eagle Alpha Alternative Data Conference, London last week which datasets his firm had ever taken out of production, one panellist paused, considered the question, and admitted he could not think of a single one. The answer was offered without defensiveness, as a genuine reflection. It also turned out to be one of…