Open Market Data: Why Not?

In the 1990s, many capital markets firms migrated from proprietary operating systems to the open-source Linux OS. The key reasons for this included the need to reduce costs, improve the quality of operations and pay only for value. These are also the key drivers for change in the current capital markets environment. With more and more trades and profits being generated programmatically, has the time come to open up the market data environment?

Market data costs are increasing and now represent a