Waters Wrap: Data ownership & storm clouds brewing
Thanks to technological advancement, firms are finding new ways to monetize data. While the question of “who owns the data” was never a pressing one in the past, Anthony says that there are reasons to believe that will soon change.
My esteemed colleague and friend Max Bowie had been thinking about a story idea for a long while—who owns the market data that’s created by trading firms and aggregated by the exchanges?
He had already been talking to sources about it, but he wanted to cast a wider net, just in case he was missing something. So on LinkedIn, he wrote this: “Pop quiz on DATA OWNERSHIP: (1) When a firm trades with an exchange or broker, who *owns* the data? (2) Who *SHOULD* own the data? And (3) why does it matter
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