Murky road ahead for consolidated tape plan administrator in the US
The business unit of the new equities data plan could revolutionize pricing and accessibility in the public feeds of NMS data, say hopefuls to the role, but litigation and lack of clarity obscure the path forward.
The role of administrator of the CT Plan—the blueprint for governance of the new market data system for US equities—could improve market data pricing and accessibility for consumers by easing burdensome licensing, billing and audit functions, vendors say. However, details of many crucial considerations for the role—what its duties will be, how exactly the system it will help to govern looks—are still murky, and will only become clear as implementation of the plan and its associated
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