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 appealing to 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 all types of businesses in the finance and fintech sectors.

Simplify's Take

What believers are saying

• The recent $31.8 million strategic investment provides Databento with substantial capital to fuel growth and innovation.
• Offering Nasdaq TotalView-ITCH live data and other proprietary feeds positions Databento as a comprehensive data provider for financial markets.
• The zero license fee model for US equities bundles can attract a wide range of clients, from web apps to systematic traders, boosting user adoption.

What critics are saying

• The financial market data sector is highly competitive, with established players like Bloomberg and Refinitiv posing significant challenges.
• Providing free services, such as the public NTP service, may strain resources and impact profitability if not managed carefully.

What makes Databento unique

• Databento offers the industry's first US equities bundle with zero license fees, setting it apart from competitors who charge significant fees.
• The launch of a free public NTP service optimized for algorithmic trading highlights Databento's commitment to addressing specific market needs.
• Partnerships with technology providers like Napatech for FPGA-based capture processes enhance Databento's data accuracy and reliability.

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