In pursuit of API-ness: Rise of API interfaces hints at data platforms of the future
Nasdaq’s new Data Fabric managed data infrastructure service presents an opportunity for firms to outsource many elements of their market data platforms to the exchange. But making it possible—and also driving innovations at other data providers designed to simplify data access—is the humble API.
Application Programming Interfaces (APIs) aren’t new. They aren’t sexy. They’re pretty boring, actually. They’re simple gateways that allow applications to talk to each other. So, while market data becomes ever-more complex and valuable for areas such as data science, and the options for delivery of that market data turn to new technologies like the cloud, why are providers getting so excited about the humble API?
Think price, performance, and stability. As the data world erupts in an explosion
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