Finance
How much is a hedge fund's data worth?
Mercor publishes $25K to $1.1M for hedge funds and quant firms licensing proprietary data or trading code. See what buyers want and the licenses to check first.
Check your company in nine questionsWhat buyers license
Proprietary market, risk and sports data, or the code that trades on it.
Size buyers look for
5 to 500 employees (Mercor)
Published payout ranges
$25K to $1.1M
Mercor
Published range for hedge funds and quant firms with 5 to 500 employees.
$50K to $1M+
Prism by Labelbox
Prism's published range. It lists financial reasoning traces as an urgent need.
Ranges are what each buyer publishes, not offers. Checked October 24, 2026.
What AI buyers want from a quant firm
Mercor's listing asks for proprietary market, risk and sports data, or the code that trades on it. Prism lists financial reasoning as one of its most urgent needs.
What makes it worth more
- Data you created yourself. Your own signals and research, not vendor feeds.
- Code with history. Models and how they changed over time.
- Long backtests and results.
What to check first
Market data you buy from vendors almost always comes with licenses that ban resale. Only data and code you created are likely to be licensable. Your fund documents and investor agreements may add more limits, so check with counsel first.
See which buyers fit your firm. Nine questions, no email needed.