The Unlisted Trading Privileges (UTP) Plan exchanges have begun final negotiations with Cicada Corp. to operate the Securities Information Processor (SIP).
The SIP aggregates quotation and trade data for the UTP members and makes it available to vendors for sale and redistribution. The member exchanges are the American, Boston, Chicago, Cincinnati and Philadelphia Stock Exchanges as well as Nasdaq, NASD (for the ADF) and the Pacific/Archipelago exchange.
Cicada, a data management technology a
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