IMD & IRD Awards 2025: All the winners and why they won
The 33 category winners of this year’s Inside Market Data & Inside Reference Data Awards
Below are the category winners of this year’s Inside Market Data & Inside Reference Data Awards. Alkymi, FactSet, Bloomberg, LSEG and S&P Global Market Intelligence won two categories each in this year’s awards. Click on the links in the winners’ names for information about why they won their respective categories.
- Best AI/machine learning data initiative – AlphaSense
- Best alternative data initiative – Alkymi
- Best alternative data provider/vendor – Bloomberg
- Best cloud-based data provider – Gresham (Prime EDM)
- Best corporate actions data initiative – S&P Global Market Intelligence
- Best corporate actions data provider – SIX
- Best data analytics initiative – New Change FX
- Best data analytics provider/vendor – Bloomberg
- Best data feed management solution – BCC Group International
- Best data governance solution – Siepe
- Best enterprise data management initiative – FactSet
- Best enterprise data management provider/vendor – FINBOURNE Technology
- Best ESG data initiative – Spatial Risk Systems
- Best ESG data provider/vendor – OpenCorporates
- Best evaluated pricing service provider/vendor – CanDeal DNA
- Best low-latency data or technology provider/vendor – Exegy
- Best corporate actions managed service – S&P Global Market Intelligence
- Best market data newcomer (vendor or product) – SGX FX
- Best market data provider (broker) – Marex
- Best market data provider (exchange) – London Stock Exchange
- Best market data provider (vendor) – dxFeed
- Best private markets data initiative – Alkymi
- Best private markets data provider – SOLVE
- Best real-time market data initiative – FactSet
- Best reference data initiative – Derivatives Service Bureau
- Best reference data integration vendor – SmartStream Technologies
- Best reference data managed service – FIS
- Best reference data provider – The Association of National Numbering Agencies (Anna)
- Best regulatory reporting solution/initiative – LSEG Regulatory Reporting
- Best research provider/vendor – MSCI
- Best risk data aggregation initiative – Opensee
- Most innovative market data project/initiative – PostSig
- Most innovative regulatory solution/initiative – Qomply
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More on Awards & Rankings
Most innovative market data project/initiative—firmfact
Firmfact automates market‑data contracts, invoices and entitlements for banks and asset managers. Its AI reads documents, matches invoices line‑by‑line and verifies licences with minimal keying.
Best market data newcomer (vendor or product)—Octaura
Octaura’s Insights Platform is an integrated market intelligence and analytics offering purpose-built for the leveraged loan market.
Best market data provider (broker)—Fenics Market Data & Analytics
FMD’s Broker Data service draws on BGC Group’s global brokerage operations to provide pricing, trade and order-flow information across FX, rates, fixed income, commodities and derivatives.
Best evaluated pricing service provider/vendor—Infront
Infront Quant supplies independent, cross‑asset valuations with a “white‑box approach”, offering level 1 and 2 transparency.
IMD & IRD Awards 2026 winner’s interview—Smartstream
Smartstream wins Best reference data managed service at the IMD & IRD Awards 2026
Best reference data integration vendor—Gresham
Gresham’s AI-native EDM Suite combines data from disparate sources and systems and provides user-firms with a single point of integration across the data life cycle.
Best ESG data initiative—Bloomberg
Bloomberg’s Impact and Allocation dataset provides investors with a consistent means of assessing how proceeds are being deployed and what outcomes issuers report.
Best AI/machine learning data initiative—FactSet
FactSet unveiled its MCP server in December 2025, allowing secure, authorized access to the firm’s data from third‑party AI tools.
