Interview with Oleg Solodukhin: CEO of Dxfeed

Oleg Solodukhin

Oleg is the CEO of a Market data and solutions provider, dxFeed. He has 20-plus years of experience

in the fintech industry and wide-ranging responsibilities in legal and compliance, managing relationships with

exchanges, strategic technology providers and customer relationships. But what is most interesting of all is

that – the firm he runs boosted revenue by 33% during the 2020 pandemic crisis.

Let's look at how he achieved this.

Interview with Oleg Solodukhin: CEO of dxFeed

Can you briefly tell us about dxFeed? What is its core focus?

DxFeed is a nimble market data and data management solutions firm for online brokers, exchanges, financial websites, startups, and capital market industry solution providers. When I joined the team 20 years ago, dxFeed was just one data division at a well-known fintech company, Devexperts. Today, it is a separate, full-fledged brand and a leading provider of market data and services for the capital markets industry.
 

dxFeed's primary focus is delivering financial market information and services to buy- and sell-side institutions in the global financial industry. This includes brokerages, prop traders, exchanges, individuals (traders, quants, portfolio managers), and academia (educational institutions and researchers). It's really gratifying to count among our clients such companies as TD Ameritrade, e*Trade, Benzinga, Peak6, TastyTrade, Nasdaq, Miami Exchange, Foundation for Value Creation (FVC) and more.

Last year was quite challenging. How did your team get through it?

Yes, it was as, overall, the global financial industry experienced extremely challenging times. However, we are extremely proud to announce that dxFeed boosted revenues 33% during the 2020 crisis, continuing a strong trend of total revenue growth of over 400% since January 2016, with double-digit growth each year.

That's impressive! How did you do that?

I can't say that we are lucky, or it was a miracle. Certainly, we've had our challenges. However, we have used the time to enter new markets, which hold potential growth opportunities, and focused on refining our offerings to meet the needs of an ever-changing marketplace.

Here is an example: dxFeed already is well-known in the financial services sector as a solid, modern and cutting-edge B2B vendor of market data and analytical services. Last year, we decided that we needed to think more broadly. So, we purposefully focused the team's efforts on expanding into the retail market space through a growing network of partners and retail platforms. As a result, we have a fast-growing retail project with already added fiver platforms.

This is a good example. We’ve noticed that many companies have tried to make huge efforts to adapt their professional lives to remote work. What can you advise them?

Nowadays, it's vital not just to keep your finger on the pulse of what’s going on, but to try to stay one step ahead. As Alice pointed out in Adventures in Wonderland: "Here, we must run as fast as we can, just to stay in place. And if you wish to go anywhere, you must run twice as fast as that." It's the best advice I can give anybody, including my team, and we always try to follow it. Just as an example – while many firms in the market data industry only last year recognized the power of the cloud in the post-COVID-19 world, dxFeed has been doing this since 2009, when the firm first rolled out its historical data storage and replay service on Amazon Web Services (AWS). In 2020, dxFeed has already launched the fifth generation of the cloud market data platform.

What's the best way for people to contact you?

You can email me at [email protected] or send a direct message on LinkedIn .