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.
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