Confusion remains over SEC’s market data efforts

Jo ponders some of the important pieces of the regulator’s National Market System modernization that remain obscure.

I’m celebrating a landmark birthday soon, and I’ve been interested in buying myself an automatic watch. The appeal for me is that, often, designers leave little “windows” on the dial through which you can see the internal mechanisms. Looking at the initiative by the Securities and Exchange Commission (SEC) to modernize how public market data is sent out to consumers reminds me of peering through those little windows: You can see the moving parts, but not necessarily how the whole assemblage

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‘Feature, not a bug’: Bloomberg makes the case for Figi

Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.

Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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