What algoseek does

algoseek is a New York-based financial market data and infrastructure provider that sells institutional-grade US equity, options, futures, and reference data to quantitative trading firms, hedge funds, banks, broker-dealers, regulators, corporate treasurers, fintechs, and academic institutions. The company was spun off from a Wall Street trading fund in 2015 and built its original technology stack — including a third-generation proprietary ticker plant partially written in Assembly — for its founders' own trading use before commercializing it. It now serves 1,850+ institutions, manages 3,000+ TB of data, and supports $350+ Billion in live-trading AUM with claimed zero downtime and zero data loss since inception.

The core technology stack centers on ArdaDB, a proprietary performance-optimized columnar database built on open-source ClickHouse holding 10+ PB of shared algoseek data, exposed via the Algoseek Console and SQL/API/Kafka interfaces. Delivery spans co-located NY4 feeds at sub-15 microsecond latency, RESTful/WebSocket/TCP/UDP/Kafka APIs, and direct delivery into AWS S3, Snowflake, Databricks, Google Cloud, and Azure. Complementary products include InfraConnect (co-location and cloud integration), Ticker Plant as a Service, Data Pipeline as a Service (data onboarding, customization, and on-demand delivery), infraX Solution Suite, and servComplete marketplace services for third-party data vendors. The firm claims a TAQ Minute Bar with 90+ microstructure fields versus fewer than 20 from typical competitors and a persistent algoseek SecID mapped to Bloomberg, Refinitiv (LSEG), and ICE Data identifiers.

The business model combines subscription data licensing (ArdaDB Basic monthly fee, ArdaDB Enterprise usage-based, academic annual subscriptions) with managed infrastructure services (co-location, hosted compute), professional services (data engineering, customization), and marketplace commissions (servComplete). Go-to-market is enterprise sales-led with API-first self-service overlays, supported by account management, custom data solutions, and marketplace listings on Databricks, AWS, and Datarade. The company remains bootstrapped and privately held with employee ownership, and as of 2023 operated with approximately 30 employees.

Name

algoseek

Legal name

algoseek

Website

https://algoseek.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

algoseek is a New York-based financial market data provider selling institutional-grade US equity, options, futures, and reference data — plus cloud database and pipeline infrastructure — to hedge funds, banks, broker-dealers, regulators, fintechs, and academic institutions.

Ownership category

akta.pro rank

Product category

Financial Market Data

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Investment Banking and Securities Intermediation (523150)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Finance Services (6199)

akta.pro primary industry

Pricing & Valuation Services (Fixed Income, OTC, Derivatives) (FSAFAIAF)

akta.pro secondary industry

Alternative Data Providers (Web, Satellite, Geolocation, ESG Signals) (FSAFAIAH)

Keywords

• Financial market data
• Quantitative trading data
• Real-time market feeds
• Ticker plant services
• Market data infrastructure

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Market Data Subscriptions: Subscription-based revenue from providing real-time and historical market data including equities, options, futures, and reference data. Pricing varies by asset class, data depth, and delivery method (co-location, API, cloud).
2. ArdaDB Database Licensing: ArdaDB Basic provides fixed monthly license fee; ArdaDB Enterprise is billed based on computation usage. Additional storage costs from cloud provider (AWS) without additional markup from algoseek.
3. Infrastructure Services: Colocation hosting, cloud integration, network services, and managed infrastructure solutions. Includes hosted applications, leased servers, cross-connects, and dedicated connections to exchanges and cloud providers.
4. Data Engineering Services: Custom data onboarding, customization, integration, and delivery services. Includes data pipeline as a service and on-demand delivery to customer-specified destinations in preferred formats.
5. servComplete Marketplace Services: Comprehensive service package for data vendors including data hosting, multi-marketplace listing, sales processing, support, data delivery, and billing management. Enables data suppliers to focus on creating quality data products.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels4 records

Core offering

Algoseek provides institutional-grade US financial market data, infrastructure, and related services for quantitative trading and machine learning. Core offerings include the ArdaDB cloud database, third-generation ticker plant infrastructure, co-location services (InfraConnect), data pipeline services, and over 200 datasets covering equities, options, futures, and reference data. Products are delivered via multiple channels including ultra-low-latency co-location feeds, APIs, and cloud-based access for hedge funds, broker-dealers, banks, academic institutions, and corporate treasurers.

Product overview

Algoseek is a financial data and technology services provider offering a platform-plus-modules architecture built around its core ArdaDB cloud database. The platform consists of: (1) ArdaDB - a high-performance ClickHouse-based columnar database for financial data and quantitative research; (2) InfraConnect - co-location and cloud integration services for market data access; (3) Data Pipeline as a Service - modular infrastructure for data collection, transformation, and delivery; (4) Ticker Plant as a Service - third-generation ticker plant for exchange feed processing; (5) infraX Solution Suite - modular toolkit for data suppliers to build and sell data products; (6) servComplete - marketplace and delivery service package for data vendors; and (7) Real-Time Market Data services for professional and academic users. Algoseek provides over 200 datasets covering US equities, options, futures, and future options, with data delivery available to AWS, Snowflake, Databricks, Google Cloud, Azure, and via SFTP, API, and Kafka.

Differentiator

Problem solved

Functional benefit

Brands

• ArdaDB: A lightning-fast cloud database developed by algoseek based on open source ClickHouse, designed for financial data and quantitative research with over 10 petabytes of shared algoseek data.
• InfraConnect
• servComplete
• infraX
• Ticker Plant as a Service

Products and services

• ArdaDB High-performance columnar cloud database based on ClickHouse with petabyte-scale storage (10+ PB), full SQL capability, and efficient time-series data processing for financial data and quantitative research.
• InfraConnect Co-location and cloud integration solution for market data users and financial service providers, offering ultra-low-latency (<15 microseconds) data delivery from US exchanges with on-premise and cloud connectivity.
• Data Pipeline as a Service Modular pipeline infrastructure offering data collection, quality control, cross-referencing, transformation, normalization, and delivery as a service for institutional data engineering needs.
• Ticker Plant as a Service Third-generation proprietary ticker plant service that processes raw US exchange feeds and normalizes output, available with multiple delivery methods including multicast, TCP socket, WebSocket, RESTful API, and Kafka streaming.
• infraX Solution Suite Comprehensive modular toolkit for data suppliers to build, publish, sell, deliver, and support data products, with modules for data product creation, sales automation, and customer support.
• servComplete Marketplace & Delivery Service Package End-to-end service package for data vendors including data hosting, multi-marketplace listing, support, sales processing, data delivery, and billing management to enable data suppliers to focus on creating quality data products.
• Real-Time Market Data (Professional) Ultra-low-latency real-time market data service for professional traders, hedge funds, market makers, broker-dealers, and fintechs covering all US exchanges with latency profiles from under 15 microseconds to historical archives.
• Real-Time Market Data (Academic)

Quantifiable outcome

• Zero service downtime since inception
• +3 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration15 records

AI capability5 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Amazon Web Services (AWS)coreTechnology or IntegrationAWS is the primary cloud infrastructure provider for algoseek's ArdaDB and data pipeline services. ArdaDB operates exclusively on AWS (US-East-1 region currently), and data delivery supports AWS S3, Kinesis, Glue, Redshift, EC2, S3, and EMR. Pipeline modules run in AWS environment.
• SnowflakecoreTechnology or IntegrationSnowflake is supported as a data delivery destination and storage platform. Data can be delivered to Snowflake and accessed via Snowflake connectors. ArdaDB storage options include Snowflake integration.
• DatabrickscoreTechnology or IntegrationDatabricks is supported as a data delivery destination and analytics platform. Customers can access data on Databricks, and algoseek data is listed on the Databricks Marketplace.
• DatarademinorChannel Partner/ Reseller/ Distributoralgoseek data products are listed on Datarade marketplace, enabling broader distribution to data buyers through this third-party marketplace platform.
• US Exchanges (UTP/CTA, OPRA, Nasdaq, NYSE, CME)coreTechnology or Integrationalgoseek receives direct exchange feeds from US exchanges including UTP/CTA (equities), OPRA (options), Nasdaq, NYSE, and CME/CBOT/NYMEX/COMEX (futures). These feeds form the foundation of algoseek's market data products.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Xignite: Cloud-based financial market data API provider specializing in equities, ETFs, and reference data for fintech applications. Comparable to algoseek's fintech-provider customer segment and API delivery model.
• Polygon.io: Cloud-based financial market data provider offering real-time and historical US equities, options, and forex data via REST/WebSocket APIs. Direct competitor to algoseek in serving retail-pro and quant trading customers with API-first market data delivery.
• Tick Data: Historical intraday tick and TAQ data provider for US and global equities, options, and futures serving quantitative researchers. Directly competes with algoseek's historical TAQ/tick data products for quant research and back-testing use cases.
• Intrinio: Financial market data platform providing US equities, options, and fundamental data via APIs to fintechs, banks, and quant firms. Comparable to algoseek in serving fintech builders and institutional customers with API-delivered financial data.
• Databento: Institutional-grade market data platform delivering normalized historical and live US equities, options, and futures data via APIs. Closely aligned with algoseek's API-first, multi-asset, quant-focused approach with similar developer-friendly licensing model.

Broad incumbents

• Bloomberg Terminal / Bloomberg Data Services: Largest incumbent financial data vendor with terminal-bundled real-time and historical market data across asset classes, plus analytics, news, and communications. Competes with algoseek on breadth and institutional distribution; algoseek SecID explicitly cross-references Bloomberg identifiers.
• ICE Data Services: Intercontinental Exchange's market data and analytics business providing consolidated feeds, reference data, and index products. Competes as a full-stack incumbent; algoseek SecID maps to ICE identifiers to ease interoperability for shared customers.
• LSEG (Refinitiv) Data Services: Major incumbent providing market data, reference data, and analytics acquired from Refinitiv. Competes broadly across institutional market data; algoseek SecID integrates with Refinitiv identifiers for customer cross-referencing.
• FactSet: Institutional financial data and analytics platform serving asset managers, banks, and hedge funds with market data, fundamentals, and portfolio analytics. Adjacent competitor with bundled workflow value proposition for buy-side customers.

Emerging players

• Kaiko: Institutional digital asset market data provider covering crypto exchanges with aggregated trade and order book data. Comparable in being a niche, API-first market data infrastructure provider targeting sophisticated quant and institutional buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/algoseek

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about algoseek