Exchanges are struggling to create data polices that accurately reflect the "computational use of data" in modern-day trading, said Tom Etheridge, managing director at New York-based consultancy Jordan and Jordan, citing the trend of venues implementing flat data licensing fee models, which mean a small startup proprietary trading firms would pay the same as larger firms for non-display data.
"I don't dispute that exchanges have the right to make money from the use of their data. The challenge i
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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