FISD Looks at Policy Standards


The FISD will present a plan to standardize exchange policies to its market data business issue advisory committee in the wake of its Market Data Administrative Conference last Tuesday, Nov. 9.

The plan focuses on four goals: a standard delay period, preferably 15 minutes, after which data is no longer fee-liable; a standard unit of count, preferably user-based and technology-neutral; electronic paperwork, including click-on agreements for professional users and online "Exhibit A" forms; and a

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