Timeliness is Money

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As part of its best-practice recommendations for the handling and use of non-display data, the Business Issues Policy and Procedures (BIPPS) working group formed by the Financial Information Services Division (FISD) states that different policies, procedures and fees for data at different levels of timeliness are permissible. The three categories of timeliness for non-display data are real-time, delayed and end-of-day.

The BIPPS working group, which is comprised of about 250 members from about 8

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