Regulatory Alerts2024-04-18
CSA Staff Notice 21-334: Next Steps to Facilitate Access to Real-Time Market Data
The Canadian Securities Administrators are implementing an enhanced transparency regime requiring marketplaces to publish detailed justifications for real-time market data fee changes. The regulators will also establish three industry committees to reconsider the Data Fees Methodology, assess barriers to retail access, and standardize key terms in data agreements. These initiatives follow a consultation process that received twenty comment letters and aims to address market fragmentation and cost concerns regarding consolidated real-time market data.
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