ELI5: Explain Like I'm 5

Financial data vendor

A financial data vendor is like someone who sells information to other people who need to make decisions about money. Think of it like someone who sells toys at a store - just like how someone goes to the store to buy a toy they want, people who work with money can go to a financial data vendor to get information they need.

But instead of toys, a financial data vendor sells things like numbers and statistics about companies or things happening in the world. This information helps people understand what's going on with money and can help them make decisions about where they want to invest, what they want to buy, or how they want to spend their money.

For example, let's say someone wants to buy stocks. They might go to a financial data vendor to get information about the company whose stocks they're interested in. The vendor will provide them with numbers and statistics about the company's finances, how well they're doing in their industry, and any important news that might affect their stocks. With this information, the person can make a more informed decision about whether or not to invest in that company's stocks.

Overall, a financial data vendor is someone who collects, analyzes, and sells information about money and finances to help people make better decisions when it comes to managing their money.
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