
But in the moment on the train, I wasn’t thinking through the reasoning. All that I registered was an instinct to recoil, followed by an urge to unfurl myself from that instinct — from that restrictive, reductive, residual habit of human biology that prefers predictable ease over openness and beauty and bravery and hope.
This article highlighted importance of understanding market data components. There are number of market data providers such as Bloomberg, Markit, Timescape etc. who provide market data on timely basis. Market data plays a vital role in pricing portfolios and calculating risk.
Financial institutions consume market data on continuous basis to value their portfolios. As human body cannot function without blood, financial institutions cannot value their portfolios without market data. Therefore, understanding market data is the key to calculate risk and return of financial transactions and it can also help us understand finance in general.