TRG Screen appoints Nadine Scott as Global Head of Managed Service to help forge ahead with plans to create a world-class market data management ‘global center of excellence’ that the industry can depend upon. In her two-decade market data career, Scott has held a variety of senior roles at tier-1 banks and was most recently Global Head of Market Data Services Category at UBS. Here, she shares her perspective on why managed services are gleaning so much attention right now and her vision for market data management as a managed service. Read the full article here.
Do you really need a (better) market data management system?
Financial market data and analysis is an indispensable component of global investment and trading and it’s growing all the time – in volume, variety, and value. TRG Screen has 10 reasons why you may need more sophisticated market data management tools. Read the full article here.
North American Financial Information Summit 2023
NAFIS is the largest North American data conference for banks and asset managers looking to the future of data in financial services. The conference will take place Tuesday, May 16, 2023 @ 8:30 am – 8:00 pm. Learn more here.
Exchange Data International Launches UK FundsCAB Service
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.
