London, March 30, 2023 –Exchange Data International (EDI), a leading provider of global security corporate actions, pricing, and reference data services, today introduced the UK FundsCAB Service to further enhance their Investment Funds coverage. Read the full release here.
FISD Letter to the Securities and Exchange Commission
On behalf of the Financial Information Services Division (FISD) of the Software & Information Industry Association (SIIA) requests that the Securities and Exchange Commission (the Commission) extend the implementation period for compliance with the round lot and odd lot information definitions originally adopted on December 9, 2020. While we appreciate the benefits that these changes will provide in terms of improved market transparency, for the reasons stated herein, implementation will present challenges and require tailored solutions that will take longer than 90 days to fully realize.
Requiring accelerated implementation of the new odd-lot and round lot definitions risks undermining the very real transparency benefits that these changes will provide. While the SEC is correct that these technical changes are similar to functions currently performed by securities information processors (SIPs), successful implementation of the changes will involve significant actions throughout the multiple links in the real-time market data distribution chain.
To accommodate the needs and advance full and successful implementation of the new round lot and odd-lot definitions, FISD requests that the Commission provide for a multi stakeholder industry consultation period following publication of the final rule to develop a coordinated plan for implementing the definitional changes proposed in the MDI adopting release and not adopt the 90-day period recommended in Regulation NMS.
Read the full letter here.
Background on FISD and SIIA
FISD was established over thirty years ago to facilitate member thought leadership, education, networking, and the development of win-win solutions to common challenges facing the financial information industry. Our members – over 250 organizations worldwide – include all significant actors in the financial information ecosystem, including major global exchanges and securities markets; content creators and aggregators such as S&P, Moody’s, and Morningstar; data redistributors like Bloomberg and LSEG Refinitiv; and consumers of financial information including major global banks, investment management firms, and hedge funds. Given the diversity of interests in this community, FISD does not typically adopt or promote consensus positions on public policy issues.
FISD is part of SIIA, which is the principal trade association for companies in the business of information. SIIA’s membership of over 450 companies includes firms reflecting the broad and diverse landscape of digital content providers and users in academic publishing, education technology, and financial information, along with creators of software and platforms used by millions worldwide, and companies specializing in data analytics and information services.
QUODD acquires Xignite to capture larger portion of cloud-native market data industry
Jersey City, NJ, February 16, 2023 — QUODD, a comprehensive market data-on-demand provider for the global financial services industry and a NewSpring Holdings platform company, has acquired Xignite, a leading global provider of financial market data APIs. Read the full release here.
Video: Alt Data Compliance and Technology Webinar on Lessons Learned from the App Annie Case and the SEC
The compliance landscape for alternative data has heated up dramatically in the last several years due to recent SEC alerts, important court rulings and the first SEC enforcement action against an alternative data provider. Paul Stolorz, formerly Chief Data Scientist of App Annie (now data.ai) will provide insights from his experience during the high-profile SEC investigation. This fireside chat brought to you by the Alternative Data Council will address how technology decisions factor into compliance processes. He will be conducted in conversation by Max Abend, Co-Chair of the Alternative Data Council Procurement Stream and Jon Neitzell, Alternative Data Council Fellow.
Barchart and Revenue.AI Partner to Elevate Commodities Trading with Cutting-Edge Market Data Solutions
CHICAGO, IL – March 15, 2023 – Barchart, a commodity data and technology leader, is proud to announce a strategic partnership with Revenue.AI, the provider of a cognitive AI driven pricing platform for commodities trading. Read full release.