Aligning with key market data industry trends in analytical financial services, DeFi and Index Management helped the company increase revenue by 45% in 2021, continuing the trend of year-on-year growth double digits totaling more than 560% since 2016
NEW YORK–(BUSINESS WIRE)–#Challenge–dxFeed, a leading provider of data and index management solutions for the global financial industry in both traditional and crypto markets, experienced strong growth of 45% in 2021, continuing a strong growth trend total revenues by more than 560% since January 2016. The success of 2021 is based on three pillars:
- Further development of analytical services based on high quality market data
- Enter the DeFi world
- Strengthen the company’s position in the index management industry
The strong growth of the core business is mainly based on the increased role of B2B and retail products, meeting the growing market demand for quality analytics and analytical tools. dxFeed is becoming much more than just a reliable provider of high-quality market data, reinventing itself as a provider of a variety of ready-to-use value-added services and products. Lego-like building blocks for customer systems allow them to bring solutions to market at unprecedented speed.
“We plan to continue to develop our range of analytical services. From the first half of 2022, we will be happy to launch a new product designed for day traders on the market. They can use the product to research investment opportunities and apply a variety of analytical tools to find their edge,” said Oleg Solodukhin, CEO of dxFeed.
Index management is a relatively new line of business for the company, which dxFeed launched in 2020. Yet, in a short time, index products with quoted futures contracts were launched for The small exchange, Miami Exchange, and Susquehanna International. “While we plan to remain an index management provider of choice for our clients in 2022, we also plan to publish our own family of indices, including Alternative Equities, Commodities, Volatility, OTC, DeFi /Crypto, FX Options and Fixed Income Indices.” added Oleg Solodukhin.
In 2021, dxFeed eagerly jumped into the new world of rapidly developing DeFi opportunities. The company already provides market data through its ChainLink Node and partnered with API3 and SupraOracle. Along with offering real-time and historical data on Crypto exchanges (CEX), dxFeed has extended its reach to decentralized exchanges (DEX). The company will continue to add multiple on-chain data to its portfolio, including quality price information from DEX.
“We and our partners strongly believe in the rapid growth and development of this industry, which exceeds by orders of magnitude the traditional financial services markets. To celebrate this, we organized a artistic provocation NFT at the Signature Art Basel VIP networking reception in Miami last December,” said Dimitri Parilov, CEO of dxFeed.
B2B2C partner network (retail) is another area of the company’s business that has grown steadily since its launch in 2020. The number of retail platforms tightly integrated with dxFeed market data has grown to nine trading platforms, including NinjaTrader, Medved Trader, MotiveWave, Easy Scalp and others.
In 2022, the new terminal product will be launched, targeting retail users, which will focus on in-depth market research, traditional chart widgets with premium value-added services, and real-time exchange and OTC data.
dxFeed is a leader market data and services provider and calculation agent for the capital markets industry. According to WatersTechnology 2020 IMD & IRD awards honors, it is the best analytics and technology provider. The main objective of dxFeed is to provide financial information and services to buying and selling institutions in the global markets, both traditional and crypto. This includes brokers, prop traders, exchanges, individuals (traders, quants and portfolio managers) and universities (educational institutions and researchers).
Contact dxFeed: email@example.com
Telephone: +1 424 413 8327
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