I decided against splitting this into Parts 1 and 2 - ofcourse you can always watch in two parts. Time stamp is 31:25

Tim's LinkedIn https://www.linkedin.com/in/tim-baker-fintech-venturing/

Summary
In this engaging conversation, David Anderson welcomes back Tim Baker, the first returning guest on the podcast. They discuss the evolution of the podcast, the launch of Tim's new venture, Via Nexus, a marketplace for market data aggregation, and the transformative role of AI in the industry. The conversation also delves into the ongoing CUSIP legal case and its implications for the market data landscape, highlighting the challenges and opportunities that lie ahead.
Chapters
00:00 Welcome Back: The Podcast Journey
07:35 Introducing Via Nexus: A New Business Model
28:30 The Future of Market Data: AI and Innovation
31:44 The Evolution of AI in Market Data
34:32 Understanding Agentic AI and MCP
40:19 Challenges in Data Normalization and Licensing
45:05 The Rise of Agentic AI Applications
50:53 The Future of AI in Business and Licensing
53:20 CUSIP Legal Case Update and Industry Implications

DAVID ANDERSON -- https://www.linkedin.com/in/atradia/

https://www.linkedin.com/in/sally-huxtable-b8703817/
https://www.linkedin.com/in/trish-gooch-2ba34649/

Summary
In this conversation, David Anderson engages with market data experts Sally Huxtable and Trish Gooch from Exchange Audits to explore the complexities of auditing in the market data industry. They discuss their extensive backgrounds, the evolution of audits, the importance of data governance, and the practicalities involved in conducting audits. The conversation also touches on the various tools available for market data management, the future of digital rights management, and how firms can prepare for audits effectively. The experts emphasize the need for better communication and collaboration between exchanges and firms to streamline processes and improve compliance.

Takeaways
Sally and Trish have over 70 years of combined experience in market data.
Audits focus on compliance, transparency, and accuracy in data usage.
The nature of audits has evolved from vendor-focused to end-user audits.
Data governance is crucial for compliance and effective audits.
A well-organized firm can significantly reduce the time taken for audits.
Market data tools are essential but often lack integration.
Digital Rights Management (DRM) is still developing in the audit space.
Firms should maintain clear documentation of their data usage and permissions.
Enterprise licenses can simplify compliance and reduce audit frequency.
Building direct relationships with exchanges can enhance understanding of policies.



Chapters

00:00 Introduction to Market Data and Guests
02:45 Backgrounds and Experience in Market Data
05:48 Understanding Audits in Market Data
08:44 The Evolution of Audits Over Time
11:41 The Importance of Compliance and Governance
14:47 Types of Audits and Their Execution
17:47 The Role of Third-Party Auditors
20:46 Practicalities of Conducting an Audit
23:52 Tools and Technologies in Market Data Auditing
26:32 Challenges in Market Data Compliance
29:57 Mapping and Taxonomies in Market Data
31:41 Navigating Market Data Challenges
34:50 The Role of Digital Rights Management
38:46 Understanding Compliance and Licensing
42:34 Preparing for Audits Effectively
50:34 Future Directions in Market Data Management

DAVID ANDERSON -- https://www.linkedin.com/in/atradia/

https://www.linkedin.com/in/jamesskippywatson/

Summary:
In this conversation, David Anderson speaks with James Watson about his extensive experience in the financial industry and the evolving landscape of market data pricing and sales strategies. They discuss the need for fairness in pricing, the importance of building relationships in sales, and the value of leveraging experience in the workforce. Watson emphasizes the significance of trust and understanding the audience in sales, as well as the benefits of intergenerational teams in fostering innovation and resilience. The discussion highlights the challenges faced by older employees in the job market and the need for organizations to recognize and utilize their expertise.


Chapters:
00:00 Introduction and Background of James Watson
02:39 The Role of Data in Financial Markets
05:54 Modern Pricing of Market Data
08:47 Fairness in Pricing Models
11:54 Value-Based Pricing vs Cost-Based Pricing
14:45 Sales Techniques in Market Data
17:34 Building Relationships in Sales
20:42 Investment Mindset in Data Pricing
31:34 Understanding Cost vs. Investment
34:44 The Importance of Quality Data
35:59 The Role of Specialists in Sales
39:26 Tactical Sales Plays
42:28 Leveraging Experience in Sales
46:36 The Value of Intergenerational Teams
49:40 The Need for Knowledge Transfer
55:18 Reevaluating Hiring Practices

DAVID ANDERSON -- https://www.linkedin.com/in/atradia/