25th Anniversary - Inside Market Data special report

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25 Years of Innovation

Many people reading this will not have spent 25 years working in the market data industry-or reading Inside Market Data for so long, which began publishing a quarter-century ago as Micro Ticker Report. But one doesn't need to have been directly involved in the industry since the mid-1980s to appreciate that there exists a core group of people who-through their ability to create new products, inspire action in others, or take it upon themselves to effect change-have contributed to making the industry what it is today.

So, to mark Inside Market Data's 25th anniversary, we honor the builders, the leaders and the organizers who made a profound difference to our industry over the past 25 years.

These are the individuals whose names have become the stuff of legend, who command the respect of those who worked with them, and whose legacies have had a lasting effect on the industry. Some did what they did because they recognized an opportunity to make money by doing what no one had done before, or by doing it better than the incumbents. Others made their mark by selflessly contributing their time and effort to a greater good-not just for themselves but for their peers across the industry. This is the spirit that has led to the creation of giants such as Bloomberg and Telerate, and user groups such as Ipug, FISD and the Financial Information Forum, and has brought transparency to the markets by increasing the availability of everything from bond prices to broker research, news, analytics and-more recently-low-latency exchange data. In short, they are responsible for everything that we consider fundamental ingredients of a modern market data strategy.

This is by no means a definitive list of those who have impacted the industry over the past 25 years. There were many others who have made outstanding contributions-and continue to do so-and also deserve a place in history, not to mention the many more who may have been omitted this time, but whose finest hours are yet to come. But this isn't the end: We plan to add members to our Inside Market Data Hall of Fame to recognize the worthy recipients of tomorrow.

But until then, please join us in congratulating the first 25 inductees into our inaugural Hall of Fame. We hope they continue to show the same drive and innovation that has brought them this far, and that their stories inspire others to follow in their footsteps.

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