What role does a Data Aggregator play?

A Data Aggregator's primary role involves the onboarding of both direct and indirect data sources into aggregated services, which is essential for creating comprehensive data sets from a multitude of inputs. This process includes the collection, integration, and normalization of diverse data streams, allowing organizations to access enriched datasets that combine information from various sources.

This aggregation enables users to leverage a more holistic view of market trends, trading activities, and other critical financial information without needing to interact directly with each individual source. By consolidating data into a single platform, Data Aggregators enhance efficiency and facilitate better decision-making processes.

In contrast, generating raw market data usually falls under the purview of market data providers or exchanges, not Data Aggregators themselves. Providing independent analysis of vendor data is typically conducted by analysts or third-party research firms rather than the aggregators. Delivering content exclusively from exchanges limits the scope of a Data Aggregator's function, as their value lies in integrating a wide variety of data sources beyond just exchange data.