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An Introduction to Trading In the Financial Markets: Technology: Systems, Data, and Networks by R. Tee Williams

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6

Business

Except for what we have called process data, the entities that create data and/or vendors own substantially all the data used in the trading markets. The creation, collection, distribution, and use of data within the trading markets constitute a separate collateral business. In this chapter we consider all the aspects of the business of data.

Figure 2.6 illustrates many of the facets of the data business. We examine each of these facets in turn as we examine the business of data in more detail.

image

Figure 2.6 The data business entails all the tasks of collecting and moving data from the place where it is created to the place where it is ...

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