The market data business is quite an oligopoly
Of the many things I despise in the industry, market data and connectivity costs are near the top. It’s a fully captured market, and customers don’t have a choice when the producer decides to raise prices.
BMLL seems to be trying to disrupt this space, wishing them well.
This is especially true for datasets that don't have a single authoritative source, like corporate calendar actions, where you have to consume data from 3-4 vendors and reconcile for a 'shared consensus' on simple shit like..."When is a company going to release quarterly earnings?"
I'm ever grateful that I do not work in asset classes that are not centrally traded and centrally cleared. I recognize there's more money to be made in the uncertainty, but holy crap it drives me insane.