As a firm involved with high frequency trading LO:TECH cares deeply about the quality and integrity of the market data we use. LO:TECH's systems ingest tens of millions of messages a day, using them to make decisions that have real economic impact on our firm and on the integrity of the venues on which we trade. It's important that we get data right.
We store every piece of inbound market data we receive. Millions and millions of messages a day. And we use them too. Whether it's pushing raw websocket messages through our multi-exchange simulation environment (email us about pay-to-play access), or using standardised tick-level order book data to research interesting micro-structure questions, we ask a lot of the data we collect and use.
As a result, we work very hard to ensure two things are true: a) the data is as accurate as possible, and b) it is easy to work with.
It's worth expanding a little on the second point. Native digital asset market data is messy. The trading landscape is fractured, populated by many different venues and platforms, each with their own APIs that produce data in different schema and formats. To be efficient when comparing information from two or more venues—be it trades or full order books—it's necessary for a system to extract the relevant data from its native format and reformat it into a standardised shape. Within a multi-venue trading stack this allows for rapid decision making based on information sourced from multiple venues.
Standardised data schema also play a crucial role in facilitating research process. By ensuring that all data conforms to a consistent format, researchers and analysts can seamlessly integrate information from multiple sources without the need for extensive reformatting. This not only saves time but also reduces the likelihood of errors that can arise from handling disparate data formats.
At LO:TECH we are committed to providing high-quality, live and historical, standardised tick-level market data that empowers researchers and system builders. We believe trading companies build better trading-related products, such as market data services. We invite you to leverage our expertise and data solutions to unlock deeper insights and achieve greater precision in your investment and trading strategies. Standardised data isn't just a convenience; it's a critical tool for maintaining competitive edge.
Market data; from a firm that lives or dies by its data quality.
