The issue first surfaced in March, when the FISD's Business Issues Policy and Procedures Standards (BIPPS) working group devised a questionnaire to send to exchanges asking for clarification of their policies around charging for data usage in areas such as product demonstrations for sales and marketing purposes, training, technical support, application development and disaster recovery functions (IMD, March 24).
"This is a real issue for a lot of firms because there is no universal policy. Fo
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails