Are the 'Dumb-Dumbs' of Today the Winners of Tomorrow?
At this year's Inside Market Data and Inside Reference Data Awards dinner, guest speaker Davey Johnson─a former baseball player and manager, who was one of the early adopters of statistical analysis and long before "sabermetrics" was popularized in Michael Lewis' best-seller Moneyball─described how his teammates would ridicule his suggestions that they apply mathematical analysis to their playing. Johnson, a math major who also studied programming on early mainframe computers, said his efforts earned him the nickname "dumb-dumb" from fellow players who didn't realize what a game-changer this approach would become.
So it was only fitting that Johnson present the evening's awards, which reflect innovations like this─along with quality and service─in the world of market data rather than sports.
This year, Thomson Reuters won five awards, with Bloomberg─which won the award for best overall data vendor─and Interactive Data taking four apiece, and a host of other data providers splitting a total of 29 categories between them.
Living up to the spirit of innovation that the awards are designed to reflect, one of Interactive Data's wins was the Most Innovative Market Data Project for the vendor's Continuous Evaluated Pricing service that provides real-time evaluated prices for fixed income securities to provide a level of transparency and price discovery that has not existed until now.
Meanwhile, Bank of Montreal won the Best Reference Data Initiative category for its BMO Skyway initiative─a project implemented by Web Services data provider Xignite to deliver an on-demand platform for data sourcing and enterprise distribution.
On behalf of all those involved in the awards, we congratulate the winners and all the finalists. The competitive nature of the awards is a reflection of the amount of innovation within our industry, and it's our privilege to report on, recognize and reward that innovation-and we hope it will spur even greater efforts next year.
Bill Murphy, CTO of Blackstone, once again joins the podcast to discuss the private equity firm's new offices, designed to house its innovations team.Subscribe to Weekly Wrap emails
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