GEM Data operates an independent, secure data utility that creates a centralized marketplace for Independent Price Verification (IPV) services in the OTC derivatives space. By aggregating and standardizing complex derivative data across FX, equities, rates, credit, and fixed income, the platform enables banks, hedge funds, and asset managers to efficiently distribute, monetize, and consume data with improved governance and scalability.
Funding
Funding not disclosed
Founders
Product
Problem
Institutional investors and banks currently rely on fragmented, bilateral exchanges to obtain Independent Price Verification (IPV) data for OTC derivatives, leading to high transaction costs, inconsistent data quality, and limited competition among data providers.
Solution
GEM Data operates a neutral, secure data utility that centralizes the aggregation, standardization, and distribution of OTC derivative data across FX, equities, rates, credit, and fixed income. By acting as a third‑party marketplace, the platform enables banks, hedge funds, and asset managers to source IPV services from multiple contributors through a single interface, reducing reliance on direct bilateral deals. Standardized data formats and custodial services ensure compliance and consistent quality, while the marketplace model fosters competition, driving down prices for data consumption. Participants can also monetize their own data assets by offering them to the network, creating new revenue streams within a governed ecosystem.
Target Audience
Primary customers are investment banks, hedge funds, and asset managers that require high‑quality IPV data for OTC derivative valuation and risk management.
Features
- Centralized marketplace for Independent Price Verification services covering all major OTC derivative asset classes
- Secure custodial layer that standardizes and validates incoming data to ensure regulatory compliance
- Scalable API and data delivery infrastructure for real‑time, low‑latency distribution to institutional clients
- Built‑in governance framework that enforces data provenance, access controls, and usage auditing
- Monetization portal allowing data owners to license their datasets to other market participants