IMD & IRD Awards 2022: Best market data newcomer (vendor or product)—MayStreet


Tackling the challenges of market data quality and accessibility are at the core of MayStreet’s value proposition. In March 2022, the firm announced the launch of Analytics Workbench, its ready-to-use, cloud-based, market data analytics environment. 

“I have no idea how @BabelfishTweets could function without @MayStreetTech. There is no better product and no better vendor.”
Jeff Alexander, co-founder, Babelfish


Through Analytics Workbench, data analysts can query the MayStreet Market Data Lake—the firm’s cloud-based repository of global cross-asset exchange data—without having to manage data capture, delivery or storage.

Key features of new Analytics Workbench include the ability to:

  • Query and extract data using Python or R for analysis within Workbench, in the cloud or on-premises
  • Leverage pre-configured Jupyter notebooks to support out-of-the-box query capabilities
  • Perform ad-hoc analyses or schedule batch jobs to support ongoing reporting requirements
  • Instantly parallelize and scale ad-hoc or scheduled code across the cloud with integrated support for Dask clusters
  • Upload internal order data or other third-party data to leverage in conjunction with MayStreet market data to support TCA, fill analysis and best execution reporting
  • Query results provided in normalized or raw PCAP formats and create reports using visualization tools

In November 2021, MayStreet announced the launch of the High Performance Query (HPQ) API to complement its Analytics Workbench as an additional access method for tapping into MayStreet’s Market Data Lake.


MayStreet is working to enhance the methods it uses to capture data, replacing several manual processes with automations that will help as the firm continues to scale. 


MayStreet wins the best market data newcomer (vendor or product) category in this year’s IMD & IRD Awards thanks to Analytics Workbench, its cloud-based market data analytics platform unveiled earlier this year. The new offering allows users to analyze data within MayStreet’s Market Data Lake with the view to making the most accurate and informed trading/investment decisions, based on high-quality market data captured directly at the data center level.     

“The expression ‘data is the lifeblood of business’ has become a truism in nearly every industry, but none more so than the capital markets. With all significant market participants now requiring incredibly sophisticated approaches to data ingestion and consumption, the race has shifted to be as much about quality as about speed. At MayStreet, our sole focus is on helping our clients ensure that the data they are consuming is of the highest possible quality. This includes Bellport Enterprise’s suite of feed handlers and applications deployed to capture, monitor, arbitrate and normalize the data as well as the high-quality, ready-to-consume data from MayStreet’s Market Data Lake. We’ve spent years refining our technology and methodology to handle this difficult and resource-intensive work, and could not be more excited about the opportunity we now have before us.”
Patrick Flannery, CEO, MayStreet


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