BOSTON--(BUSINESS WIRE)--FinTech Sandbox announced today that ACTIV Financial, a leading vendor of financial market data with more than 220 exchanges, will make its content available to promising startups selected by the Sandbox.
ACTIV offers a variety of solutions making them the only truly end-to-end, independent market data utility in the industry. Their offerings include feeds covering equities, futures, options, forex, financial newswires, supporting reference, company fundamental and historical data, which are all accessible through a modern set of APIs. Today’s announcement makes it clear that ACTIV’s commitment to promoting innovation in financial technology and services will only mature.
FinTech Sandbox catalyzes innovation in the financial sector by making data and infrastructure available to carefully vetted FinTech startups for free at the point when access is most impactful. Sandbox residents, in return, are expected to collaborate with each other, sharing learnings and advancements that benefit the FinTech ecosystem. Startups that participate pay no fees and no equity is taken.
“ACTIV Financial is excited to expand its support of the FinTech community through this new partnership with FinTech Sandbox. Our institutional quality market data, accessed through a wide range of APIs servicing every facet of financial services, will enable these creative entrepreneurs to build cutting-edge applications that will shape the future,” said Mike Misiaszek, Global Head of Sales at ACTIV. “ACTIV will serve as the leading market data provider behind the next generation FinTech ecosystem by offering the content, development tools, and support for accelerated access and easy integration.”
Said Jean Donnelly, FinTech Sandbox Executive Director, “We are very pleased to be working with ACTIV Financial and to be able to assist startups focused on algorithmic and automated trading systems with high-quality, low-latency data offerings. ACTIV’s differentiated services levels are highly valuable to this competitive marketplace.”
More than 120 startups from around the world have been accepted as participants to FinTech Sandbox since it launched in 2015. Alumni include Coalesce, Kensho (recently acquired by S&P Global), and Quantopian. Companies accepted to the program have gone on to raise in aggregate more than $400 million.
About ACTIV Financial
ACTIV is a global provider of real-time, multi-asset financial market data and solutions. ACTIV offers neutral, managed services for buy and sell-side firms and technology providers seeking a complete market data solution that encompasses both global content management and data delivery. With coverage spanning more than 220 equity and derivatives exchanges around the world, ACTIV is the only truly end-to-end, independent market data utility in the industry. Founded in 2002 by market data specialists, the firm is privately owned and has offices in Chicago, New York, Tokyo, Singapore and London. More information can be found at www.activfinancial.com and https://twitter.com/ActivMarketData.
About FinTech Sandbox
FinTech Sandbox is a Boston-based nonprofit that promotes financial technology innovation globally by providing free access to critical data and resources to FinTech entrepreneurs and startups. Sponsors include Amazon Web Services, Fidelity Investments, F-Prime Capital, Franklin Templeton Investments, Goodwin Procter, Intel, State Street and Thomson Reuters. For more information, please visit www.FinTechSandbox.org and https://twitter.com/FinTechSandbox.