Panel Reports Progress on Exchange Policy Standards


Standardization and harmonization of exchange market data contracts and policies is closer than ever to becoming a workable reality, according to panelists who spoke at the FISD's portion of the Asia Financial Information Summit last week.

The burden of dealing with different policies for each exchange is often referred to as a tax on the industry, said Tom Davin, managing director of the FISD. And with "black box" trading accounting for increasing volumes, exchanges need to simplify the way

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