About

Databento provides a self-service platform that allows users to access market data quickly and easily. Users can obtain live exchange feeds and large amounts of historical data, only paying for what they actually use. This flexibility makes it suitable for a wide range of clients, from large financial institutions to small startups. Unlike many competitors, Databento operates on a pay-as-you-go model, which helps users manage costs effectively. The company's goal is to simplify the process of accessing market data, making it more accessible and affordable for everyone in the finance and fintech sectors.

Simplify's Take

What believers are saying

• Recent $10M funding supports global expansion and investor confidence.
• Free public NTP service attracts algorithmic traders, enhancing market position.
• Zero license fee US equities bundle disrupts market, increasing potential market share.

What critics are saying

• Increased competition from established providers like Bloomberg and Refinitiv.
• Complex integration of new BBO schemas may cause customer dissatisfaction.
• Free public time services could increase operational costs, impacting profitability.

What makes Databento unique

• Databento offers a self-service model for instant access to market data.
• Their pay-as-you-go pricing model is cost-efficient for diverse clientele.
• Databento's colocation facilities ensure low-latency, high-fidelity data capture.

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