Timely, accurate, affordable, and accessible sources of market data for all its consumers is fundamental to our capital markets. The IIAC has assembled content and comments from subject matter experts to provide a holistic view of market data, its problems and the “what and how” needed to get to fairer and more affordable offerings.

Certain key recommendations include:

• An independent, regulated information processor and consolidator of market data.
• A cost-based pricing methodology comprised of actual costs with only reasonable, defensible margins.
• Improved fee transparency.
• Modernizing procedures that reduce market data total cost of usage.

Our February 10, 2023 comment letter details these recommendations.

Related media below:

TSX parent sets ambitious goals for global expansion and data revenue growth – The Globe and Mail