One thing I didn’t see anyone mention is availability of data. We used Bloomberg terminal subscriptions and eventually paid of B-Pipe to integrate into our real

One thing I didn’t see anyone mention is availability of data. We used Bloomberg terminal subscriptions and eventually paid of B-Pipe to integrate into our real-time pricing despite the api being absolutely horrendous and costing nearly $100k/month it was still our cheapest option given we would have to integrate with multiple other providers at lower but really high rates that added up to cost greater than b-pipe. Financial data is kind of a racket.