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ARTICLE · 08 MAY 2024

Ode To Market Data Access

Borden Ladner Gervais LLP
Borden Ladner Gervais LLP
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=Back in November, 2022 we wrote about CSA Consultation Paper 21-403 Access to Real-Time Market Data, which dealt with concerns about the cost of accessing market data in Canada...

CanadaFinance and Banking
AUM Law
AUM Law
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Back in November, 2022 we wrote about CSA Consultation Paper 21-403 Access to Real-Time Market Data, which dealt with concerns about the cost of accessing market data in Canada where there are multiple marketplaces competing for the same securities to trade. The issues are relevant to anyone responsible for investment, order routing and execution decisions, as real-time market data contains information about orders sent to and trades executed on all Canadian marketplaces, both exchanges and alternative trading systems. Several CSA considerations and areas for feedback were set out in the Consultation Paper, ranging from the need to enhance the transparency of fee proposals related to real-time market data to how to incentivize market participants to provide consolidated real-time market data to all clients at reasonable prices.

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