FISD Raises Delayed Data With Exchanges

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The Financial Information Services Division of the Software and Information Industry Association will send a letter to exchanges this week to encourage the use of standard timeframes for the distribution of delayed market data.

The letter, jointly signed by FISD vice president Tom Davin and Reuters' Andrew McLean, who chairs the FISD's Business Issues Policy Procedure Standards working group, will ask the exchanges to consider reducing the amount of time by which they delay data.

Staff off the

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