News & Insights

DataBP appoints Mark Schaedel to the position of CEO 

DataBP prepares for the next stage of growth

PRESS RELEASE: London 20 January 2022: DataBP, the data licensing and commercial management platform, today announced the appointment of Mark Schaedel as CEO in a push to prepare for the next stage of growth.

Against a backdrop of rapidly evolving data consumption methods and demand for data and subscription services, DataBP has built a comprehensive platform designed specifically for data commercialization. The platform reduces the burdens of managing data licensing relationships and subscription services at scale while enabling rapid deployment of new products and services. Founded in 2013, DataBP has now been implemented by 15 global financial institutions including The CME Group, Australia’s ASX, Canada’s TMX Group, Singapore’s SGX, and many other global exchange groups, index providers, and data vendors.

Brandon Baker, Co-Founding Partner at DataBP, said: “Mark has been acting as a strategic advisor for the last year or so and brings a unique combination of capital markets experience and market data expertise, as well as the skills and relationships to help take us to the next level in our growth strategy. We are proud of the client partnerships we have developed over the years and we owe it to them to remain laser-focused on their experience and execute on our roadmap. Mark’s assumption of the CEO responsibilities will allow us to continue this focus while benefiting from Mark’s vision and relationships across the industry.”

Mark Bird, Co-Founding Partner at DataBP, said: “We like to say that we are reinventing market data because of our focus on reimagining how business process workflows can be better designed and improved with modern technology. Continuing our growth trajectory requires that we also reinvent ourselves and constantly improve how we are designed to execute on the commitments we have made to our clients. Many of us at DataBP have worked with Mark over the years and couldn’t be more excited about the opportunities still in front of us and having Mark on board to help us navigate them.”

Mark Schaedel, CEO, DataBP, concluded: “As capital markets have largely evolved into a data-driven ecosystem, the potential for innovation in how data is commercially managed continues to grow. DataBP has been extremely successful building a great product, attracting world class clients and a talented team. I am thrilled by the opportunity to join the team and lead the next chapter of our growth strategy.”

-ENDS-

Media Contacts:
Holly Finn / Sarah Durrani

Streets Consulting

holly.finn@streetsconsulting.com

sarah.durrani@streetsconsulting.com

Tel: +44 (0) 20 7959 2235

PRESS RELEASE: London, Singapore, 5 November 2021:

SGX partners with DataBP to launch SGX Data Direct
DataBP provides a comprehensive platform to facilitate a streamlined market data administration process

DataBP, the market data administration platform and service provider for exchanges, index and data providers, today announced its partnership with Singapore Exchange (SGX). SGX joins a community of exchanges that are leveraging DataBP’s platform and managed services to modernize and streamline the administration of market data.

Tapping on DataBP’s platform and market data commercial expertise, SGX has rolled out SGX Data Direct, an SGX-branded online portal for data licensing and usage reporting powered by DataBP, marking it the first exchange in Asia to offer such a service as a direct channel for data client engagement.

As capital markets continue to evolve and become more data-driven, the scale and complexity of data relationships are constrained due to the limitations and inefficiencies of the underlying traditional business processes. The partnership of DataBP and SGX provides the opportunity to streamline and improve the SGX data client experience. DataBP’s platform supports the rapid introduction of new products and the scalability to support the diversification of subscribers and vendor relationships.

Joyce Tan, Head of Market Data Development & Delivery at SGX, said: “Our partnership with DataBP and the inception of SGX Data Direct offers a direct online channel of engagement with our end-clients. It is developed to be a one-stop for SGX market data-related matters with customised functionalities to facilitate online data licensing, usage reporting and inventory checking process, accessible 24/7. The implementation of SGX Data Direct reiterates our continuous focus on customers and our desire to better understand the needs of the end users of our market data.”

Brandon Baker, Co-Founder at DataBP, said: “We are thrilled to partner with SGX and welcome them to our community of global exchanges that are leading the transformation of how market data is managed. Our team’s unique combination of exchange market data experience combined with our cloud-native software services capabilities has put us in high demand as exchanges continue to invest in their information businesses.”

Ari Smukler, Head of Implementation and APAC at DataBP, said: “The SGX partnership is a huge milestone for us as we execute on our APAC expansion strategy. We are building out our team here in APAC and expanding our AWS infrastructure footprint to support further growth in the region.”