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Google Cloud launches Datashare: New analytics solution for financial services

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Datashare will facilitate sharing of market data in a safe and secure manner

US-based multinational technology company Google’s cloud unit has announced the launch of Datashare, its new analytics solution for financial services, media reports said. Datashare will help financial service providers share market data in a safe and secure manner. It has been introduced to the Google Cloud Financial Services Summit.

David Easthope, Senior Analyst at Coalition Greenwich told the media, “Data publishers and data consumers are in need of processing large volumes of data from disparate sources quickly, and need access to it all in one place at the touch of their fingertips. According to our research, over two-thirds of end-users of market data across the globe believe it is critical for market data providers to have improved accessibility via the cloud.”

Datashare by Google will facilitate batch data sharing, real-time data streaming and data monetisation. To launch its newest analytics solution, Google has worked with multiple data publishers and clients that have already signed on include OneTick and Accern.

Ross Dubin, Senior Vice President and Global Head of Sales at OneTick said that by making their data available via Datashare, the firm can empower firms to easily access, share and distribute the critical time-series market data needed to drive trading operations, run sophisticated analytics and meet demanding compliance requirements.

According to recent media reports, Google Cloud has added support for Polygon Blockchain Network Data, the Ethereum scaling network, and now users will now be able to use the BigQuery service to analyse Polygon on-chain data. The data has been added to the Google Cloud Marketplace under the public financial services category.

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