SIRCA

What SIRCA does

SIRCA (Securities Industry Research Centre of Asia-Pacific) is an Australian not-for-profit organisation founded in 1997 by collaborating Australian and New Zealand universities to provide financial market data and analytics infrastructure to the academic research community. Its core offering is the SIRCA Gateway, a cloud-based analytics platform built on Databricks that supports Python, R, and Scala workloads, providing researchers with access to over 3 petabytes of standardised financial market data covering Australian equities tick history (since 1987), ASX company announcements (since 1992), corporate governance records (since 2001), risk measurement estimates (since 1983), and Morningstar data spanning US, Australian, and New Zealand markets. The platform exposes specialised tools including the Australian Company Announcements database with Boolean and proximity search, the Symbology Visualisation Tool, ASX Broker Trades Service, Risk Measurement Service, and a Bring Your Own Data (BYOD) capability for member-uploaded datasets.

SIRCA's revenue model rests on three streams: annual university membership subscriptions from approximately 50 member universities in Australia and New Zealand, fee-based specialised data products (e.g., Australian Share Price & Price Relatives), and enterprise data licensing delivered through its wholly-owned commercial subsidiary RoZetta Technology, an AWS Advanced Consulting Partner that commercialises the Thomson Reuters Tick History (TRTH) platform. TRTH is used by 90% of the world's largest banks and 80% of the largest hedge funds, processes more than 10 billion transactions per trading day, and is supplemented by SMARTS trade surveillance (sold to NASDAQ in 2010) and Lorica Health claims analytics. Following the June 2018 merger with Capital Markets CRC (CMCRC), the combined CMCRC-SIRCA Group operates as a global translational research hub supporting 50 universities, 70 industry partners, 250+ experts, and a 12-company corporate family, with offices in Sydney (headquarters), China, and Europe. The go-to-market combines academic channels (AFAANZ conferences, Young Researchers Workshop, FIRN-facilitated paper discussions) with enterprise direct sales for commercial clients.

Name

SIRCA

Legal name

SIRCA Ltd

Website

https://sirca.org.au

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

51–100 employees

Short description

SIRCA is an Australian not-for-profit founded in 1997 that operates the cloud-based SIRCA Gateway analytics platform, providing academic researchers and global financial institutions with access to over 3 petabytes of Australian, New Zealand, and US financial market data across ~50 member universities.

Ownership category

akta.pro rank

Product category

Financial Market Data Analytics

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Finance Services (6199)

akta.pro primary industry

Industry/Vertical Cloud Platforms (e.g., Gov/Healthcare/Financial Cloud Regions) (HDABAAAL)

Keywords

• Financial market data
• Cloud analytics platform
• Academic research data
• Tick history data
• Capital markets research

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. University Membership Subscriptions: SIRCA operates as a not-for-profit company founded by collaborating Australian and New Zealand universities in 1997. Universities pay membership/subscription fees to access data collections and the SIRCA Gateway platform.
2. Data Licensing to Corporate Clients: SIRCA provides access to global data and tools including Thomson Reuters Tick History to global corporate clients. RoZetta Technology serves as the commercial arm delivering these services.
3. Fee-Based Data Products: Some data products such as Australian Share Price & Prices Relatives (SPPR) are fee-based and require separate licensing and subscription fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels10 records

Core offering

SIRCA provides a cloud-based analytics platform (SIRCA Gateway) and comprehensive financial market data collections to academic researchers and universities across Australia, New Zealand, and globally. Its offerings span Australian Equities Tick History, ASX ITCH and Broker Trade data, Chi-X data, Morningstar fundamentals, corporate governance, risk metrics, property data, and the Thomson Reuters Tick History platform, delivered via subscriptions and through its commercial arm RoZetta Technology.

Product overview

SIRCA provides a unified data analytics platform for academic researchers in Australia and New Zealand, centered on the SIRCA Gateway cloud analytics platform. The offering combines multiple data collections (including Australian Equities Tick History, Morningstar data, Company Fundamentals, Corporate Actions, Returns, Corporate Governance, Property data, and ASX ITCH) with cloud-based analytics powered by Databricks. The product portfolio includes specialized tools like the Australian Company Announcements database with text analytics capabilities, ASX Broker Trades Service, Risk Measurement Service, and Symbology Visualisation Tool. SIRCA's commercial operations are conducted through RoZetta Technology, its subsidiary and AWS Advanced Consulting Partner.

Differentiator

Problem solved

Functional benefit

Products and services

• SIRCA Gateway Cloud-based collaborative analytics platform enabling researchers to access financial market data, analyze vast datasets using cloud computing, join datasets, introduce external data, and collaborate with peers worldwide. Supports Python, R, and Scala with Jupyter notebooks and bulk download.
• SIRCA Data Collections Comprehensive suite of financial market data including Australian Equities Tick History, Company Fundamentals, Corporate Actions, Returns, Reference, Company Ownership, Property, Morningstar data, and CoreLogic property data covering Australian, New Zealand, and US markets.
• Morningstar Data Company Fundamentals Data from Morningstar Global Equity Data feeds, End of Day Prices and Corporate Actions covering US, Australia, and New Zealand from Morningstar Real-Time Market Data feeds, plus Managed Investments Data for Australia and New Zealand from Morningstar Fund Data feeds.
• Australian Company Announcements (ACA) Online database of ASX listed company announcements with archive dating back to 1992, offering reference data and free text terms in disclosure bodies with Boolean, fuzzy, and proximity search capabilities via Apache Lucene.
• ASX ITCH Data Full order book data including lit orderbook detail, trade messages for lit and dark orderbooks, orderbook state changes, nanosecond timestamping, and basic security reference data, available from June 2016 with a 30-day embargo.
• ASX Broker Trades Service Course of Sales data on a T+3 basis with broker-specific information fully disclosed, containing a complete record of every trade transaction on every instrument with Basis of Quotation information, commencing from January 2017.
• Risk Measurement Service (RMS) Quarterly subscription service providing systematic risk (beta) estimates for Australian listed companies dating back to 1983, including OLS alpha and beta coefficients, confidence intervals, and thin-trading-adjusted estimates using the Scholes-Williams technique.
• Symbology Visualisation Tool Tool assisting researchers in understanding ticker code and company name changes for ASX listed companies over time, presented in an easy-to-understand graphical timeline format.
• Corporate Governance Database Database recording corporate governance variables for Australian listed companies including company details, subsidiaries, shareholdings, auditors, directors (independence, remuneration, committee membership), and compensation details including share options and bonus arrangements, dating back to 2001.
• Share Price and Price Relatives (SPPR) Historical record of monthly ASX share prices and calculated price relatives for all Australian listed companies with fully paid shares, including dividends, franking credits, adjustments for share issues and reconstructions, and number of shares on issue, dating back to December 1973.
• CoreLogic RP Data Australia's largest property database providing researchers with real estate data including residential sales index for Australia and New Zealand.
• Chi-X Australia Data Order book tick history for trading on Chi-X Australia exchange dating back to commencement on October 31, 2011, available in the Data Library.
• Thomson Reuters Tick History (TRTH) Revolutionary tick history platform storing over three petabytes of data and processing more than 10 billion transactions every trading day, used by 90% of the world's largest banks and 80% of the largest hedge funds.
• Bring Your Own Data (BYOD) Functionality allowing Gateway members to upload their own data and create private tables linked to other data tables within the platform.
• SIRCA Training Training services including Gateway Tips and Tricks videos, WebLearn tutorials, Webinars, and FAQ support to help researchers navigate and utilise SIRCA platforms.
• RoZetta Technology Commercial Services Commercial arm of SIRCA providing cloud-based data-intensive technology solutions, financial market data services, and big data analytics including management of financial instrument data structures, ingestion of financial market-data streams, and large-scale archival data set management.

Quantifiable outcome

• TRTH used by 90% of world's largest banks and 80% of largest hedge funds
• +3 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature11 records

Partnerships

Eleven partnerships are on record, tiered flagship, core and minor.

• Capital Markets CRC (CMCRC)flagshipStrategic or Co-development Partner · 14 June 2018Merger announced June 14, 2018 creating a global translational research powerhouse. CMCRC and SIRCA combined bring together Thomson Reuters Tick History, SMARTS Trade Surveillance (sold to NASDAQ in 2010), and Lorica Health's claims analytics. The merged entity has 70 industry partners, 50 universities, 250+ experts, and 300+ professionals.
• RoZetta TechnologycoreTechnology or IntegrationCommercial arm of SIRCA, world leader in technology related to financial services including managing ingestion of financial market-data streams and large-scale archival financial market data sets. Developed Thomson Reuters Tick History platform processing 10+ billion transactions daily. Now an AWS Advanced Consulting Partner.
• MorningstarcoreTechnology or IntegrationSIRCA selected Morningstar as a new data partner providing new and improved standardised financial and accounting data collections. Morningstar provides Company Fundamentals, End of Day Prices, Corporate Actions for US, Australia & NZ, and Managed Investments data for Australia and New Zealand.
• Thomson ReuterscoreTechnology or IntegrationSIRCA served as product development partner for Thomson Reuters Tick History database. TRTH stores over 3 petabytes of data and processes more than 10 billion transactions every trading day. Used by 90% of world's largest banks and 80% of largest hedge funds.
• Chi-X AustraliacoreTechnology or IntegrationChi-X Australia data partnership. SIRCA has been capturing and archiving full order-book market data from Chi-X Australia from its launch on October 31, 2011. Data available in AusEquities service alongside ASX data.
• CoreLogic (formerly RP Data)coreTechnology or IntegrationPartnership announced July 2013 to provide researchers access to Australia's largest property data collection. Australia's housing market worth estimated $4.7 trillion. Includes CoreLogic Australia and New Zealand Residential Sales Index data.
• Australian Securities Exchange (ASX)coreTechnology or IntegrationASX has supported SIRCA since its inception, providing broad array of datasets including company announcements feed. SIRCA receives ITCH data feed from ASX. Data includes full order detail for lit orderbooks, trade messages, and nanosecond timestamping.
• Amazon Web Services (AWS)coreTechnology or IntegrationRoZetta Technology, commercial arm of SIRCA, is an AWS Advanced Consulting Partner. AWS-enabled cloud-based solutions allow customers to manage massive amounts of data without maintaining expensive infrastructure.
• DatabrickscoreTechnology or IntegrationDatabricks provides the powerful analytics engine for SIRCA Gateway cloud platform. Enables researchers to analyze data using big data analytics product with support for Python, R, and Scala programming languages.
• Financial Research Network (FIRN)minorStrategic or Co-development PartnerMany Discussant roles and reviewers for academic papers at Young Researchers Workshop were facilitated by FIRN. Collaborative network supporting financial research.
• Membership and Research Committee (MRC)coreStrategic or Co-development PartnerOversees research training and research support initiatives for SIRCA members. Includes academic members from various universities and appoints Chief Research Officer.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• FactSet: FactSet is a major financial data and analytics platform widely used by academic finance programs and buy-side institutions. It competes with SIRCA for institutional analytics budgets and offers similarly deep historical data with broader global coverage.
• Morningstar: Morningstar is a global investment research and data firm providing company fundamentals, end-of-day prices, corporate actions, and managed investments data — the same data categories SIRCA licenses from Morningstar and serves to academic users via Gateway. Broad incumbent in the same content category.
• Bloomberg Terminal: Bloomberg Terminal is the dominant incumbent financial data and analytics platform used by academics, sell-side, and buy-side professionals worldwide. Its historical tick data and analytics overlap with SIRCA's TRTH/Gateway offering but at vastly greater scale and breadth.
• LSEG (Refinitiv / Workspace): LSEG owns Refinitiv and the Workspace analytics platform, plus Datastream — a foundational historical financial time-series product. As the parent of Thomson Reuters' financial data business, LSEG is both an indirect partner to SIRCA (via TRTH) and a broad incumbent competitor in academic and enterprise financial data.
• S&P Capital IQ (S&P Global Market Intelligence): S&P Capital IQ is a leading financial intelligence platform offering company fundamentals, transcripts, estimates, and Compustat data widely used by academic finance researchers. The scale, breadth, and analyst-grade data place it as a broad incumbent competitor to SIRCA's university offerings.

Direct peers

• Nasdaq Data Link (formerly Quandl): Nasdaq Data Link is a marketplace and API platform aggregating financial and alternative datasets for quantitative research. Like SIRCA, it monetizes historical financial data for academic and quantitative users via cloud-delivered subscriptions.
• CRSP (Center for Research in Security Prices): CRSP, hosted at the University of Chicago Booth School of Business, is a foundational academic provider of historical US equity data (going back to 1926) and a core dataset served through WRDS. CRSP mirrors SIRCA's role as a non-commercial steward of long-horizon market data for academic research.
• Wharton Research Data Services (WRDS): Wharton Research Data Services is the leading academic financial research data platform, providing institutional subscribers with access to Compustat, CRSP, and dozens of other datasets. WRDS is the closest functional analogue to SIRCA's university-membership model and academic-focused Gateway platform.

Emerging players

• CEIC (ISI Emerging Markets / Moody's): CEIC provides deep historical macroeconomic and financial market time-series data for emerging and developed markets, often used by academic researchers. It overlaps with SIRCA's data-discovery and cross-market positioning but is more specialized in macro/EM data versus SIRCA's market-microstructure focus.
• Calcbench: Calcbench is a financial data platform built specifically for accounting and finance researchers, providing standardized XBRL and machine-readable access to SEC filings. Like SIRCA's Australian Company Announcements (ACA) database, it converts unstructured disclosure into researcher-ready text-analytics input — making it an emerging n

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/SIRCA-Ltd-794132014099765
• LinkedInlinkedin.com/company/sirca
• Xx.com/sircaupdate

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

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 SIRCA