MARKET DATA: ARE WE RESOLVING FOR ISSUES OF PRICE – OR CONTROL?
On November 10, 2022, the Canadian Securities Administrators (CSA) issued long awaited Paper 21-403 – Access to Real Time Market Data. The CSA’s proposed initial and longer-term options are as follows:
Comments are due on or before February 10, 2023.
In the meantime, Substantive Research, an analytics provider for buy side firms, has published analysis of inconsistent market data pricing. The insights captured 40 asset management firms (of which, 60% are in Europe and 40% in North America) with US$5 trillion in AUM.
Summary of findings: