Update: BGC Sets New Non-Display Data Policies

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BGC Market Data, the data arm of interdealer broker BGC Partners, has made a number of changes to its market data usage policies around application usage, redistribution, and unit of count, though end users say the policies are merely designed to generate revenue and do not reflect of the true value of the data.

The new policies—which were published on BGC Market Data’s website and on Thomson Reuters’ Customer Zone portal—apply to real-time, tradable, indicative, end-of-day, and historical over-

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