On November 2, 2020, the U.S. Commodity Futures Trading Commission (CFTC) issued a press release announcing organizational changes to several areas of the agency’s operating divisions. According to CFTC Chairman Heath P. Tarbert, these changes are intended to better align the agency’s structure with its strategic objectives.
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Market Data
SEC Issues Guidance on Changes to Stock Exchange Fees for Market Data and Connections
By T’Shae Sherman & Burr Eckstut on
On May 21, 2019, the U.S. Securities and Exchange Commission (the “SEC”) issued guidance to national securities exchanges and the Financial Industry Regulatory Authority (“FINRA”) (referred to as “SROs”) clarifying the SEC’s expectations with respect to their market data fees. These guidelines clarify enhanced standards for SROs to increase their fees for products and services, including fees for market data and connections, which has become a significant revenue source for data providers.…
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U.S. Copyright Protections for Market Data
By Lily Katharine Hines on
Data is of particular importance to businesses in the financial sector. This blog post provides a high level overview of how United States copyright law treats data.
U.S. copyright protection for raw, unstructured data is generally regarded as thin or unavailable. The reason for this is that such raw data may not satisfy the creativity…