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MARKET-DATA INTERFACES

Give market-data consumers an explicit interface contract.

A market-data API connects a source pipeline to downstream consumers such as dashboards, websites or operational services. Define the data contract and use rights before building clients around an assumed response shape.

Specify meaning as well as field names

Document the instrument identifier, quote fields, timestamps, source identity and the representation of missing or invalid data. State the numerical precision and time basis. If a sequence or revision field is available, explain what it can establish and what a consumer must do after a gap.

The protocol, delivery mode and supported requests depend on the selected API. These are proposed contract-review questions, not a claim that TSG supplies a particular undocumented endpoint or transport.

Build a consumer acceptance matrix

Market-data interface review
Contract areaQuestion to settleTest evidence
AuthenticationHow is access scoped, rotated and revoked?Approved access and denied-access cases
FreshnessWhich timestamp and expected schedule define current data?Normal, stale and inactive-market examples
CapacityWhich request or subscription boundaries apply?Agreed consumer load and rejection behaviour
ChangeHow are schema and instrument changes announced?Version/change example and consumer response
InterruptionHow does a consumer resynchronise after a gap?Controlled reconnect and completeness review

Data licensing and redistribution permissions should be confirmed with the appropriate provider. API connectivity does not itself grant the right to publish a stream externally.

Exercise an incomplete-data condition

Illustrative consumer test: an operational dashboard loses its connection and then reconnects. The team checks whether it can distinguish current data from cached values and whether the interface provides the history or snapshot needed by the agreed workflow.

Hand over an interface specification, a sample payload set and the operating contacts for schema, access and freshness problems. Keep secrets out of client-side website code. Where browser access is required, review the supported security boundary rather than exposing a privileged upstream credential.

YOUR NEXT STEP

Bring your requirements.
Leave with a clearer project scope.

Tell us your platform, current setup and the workflow you want to review.

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