TraditionDATA has been named ‘Best Market Data Newcomer’ at the Inside Market Data Awards, which took place on 21st May in New York.
Hosted by Inside Market Data and Inside Reference Data, these awards recognize industry excellence within market data, reference data and enterprise data management.
TraditionDATA was set up following a comprehensive re-structuring of Tradition’s market data business. The new executive team, led by Scott Fitzpatrick, re-branded and relaunched the business, transformed its pricing model and added new product packages, making it easier for clients to consume data.
Its new modular data consumption model offers flexible data packages tailored to individual requirements, ensuring clients only pay for the specific data they need. This is in direct contrast to the majority of data vendors, and avoids the complex process of unbundling, analysing and extracting valuable data points.
Scott Fitzpatrick, Head of TraditionDATA, comments: “It’s great to receive recognition for the work we have done to revamp Tradition’s market data offering. We have worked hard over the last 12 months on building out our global team, modifying our approach to pricing and packaging of data products, modernizing the relationships we have with data vendors, developing our direct-to-market technology and adding new and improved data to our product offerings.
“Looking ahead, we have a clear strategy and I’m fully committed to further enhancing our brand and providing our clients with high quality data.”