Is Anybody Listening?


The rise of market data volumes continues to be one of the most neglected issues of our industry. Despite repeated warnings by the Financial Information Forum in particular, few firms, vendors or exchanges are giving the topic its due.

At the rate things are going, they better wake up fast. In March, message volume on OPRA hit a new record, with more than 20,000 messages per second (IMD, March 8). One expert says this will increase to more than 30,000 by the end of this year. And a recent FI