Canadian Advisory Firm CFSI Signs MDA, Quartet to Vendor Partner Ecosystem


Chris Sparrow, a former director of institutional at RBC Capital Markets, who has also held senior trading and research roles at Liquidnet, ITG and TD Securities, and served as a consultant to the Investment Industry Regulatory Organization of Canada, set up Market Data Authority (MDA) a year ago to provide market participants with analysis of market activity, liquidity provision and routing strategies.

MDA provides a cloud-based database of tick data on Canadian markets that can generate static