Moscow Exchange Preps Unified Data Policy


Sergey Vasiliev, deputy head of market data sales at the exchange, says the new Moscow Exchange market data policy will require all trading members that use real-time market data in non-display, algorithmic trading and risk management systems to pay a flat monthly fee.

Vasiliev says that while most trading members have been using market data in non-display applications, such as algorithmic trading and risk management systems, only a few have signed official non-display usage agreements with the