The creation and use of synthetic price data has traditionally been dominated by opaque, well-funded entities such as large financial institutions, centralized technology firms, and regulatory agencies, including JPMorgan Chase, Goldman Sachs, the Federal Reserve, and PayPal. The closed-source nature of these datasets stems from the self-serving priorities of these organizations, which often lack the incentive to democratize data access. This approach exacerbates disparities, creating a wider...
