Waters Wrap: Owning the data & doing something unique with it—the ultimate alchemy

Based off of Max Bowie’s recent deep-dive feature, Anthony says that the world of alt data M&A—and the factors that drive these deals—is likely to change in the near future. For an analogy, just look to sushi.

Jiro Ono, Takashi Saito, Eki Ichimura, Isao Amano—these men are legendary sushi chefs. It’s a dream of mine to sit down at one of the eight seats of Saito-san’s Sushi Saito in the Roppongi district of Tokyo. I would happily drop a few hundred dollars on a single dinner.

The reason why people will pay so much for a meal is simple: expertise. A master chef has deep knowledge of which fish will make the best sushi during any season. They have relationships with the fishermen, distributors and

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‘Feature, not a bug’: Bloomberg makes the case for Figi

Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.

Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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