Exchange Audits Make Waves

MARKET DATA

Steve Dickey, vice-president of market data products and information at the Chicago Board of Trade (CBOT), says, "Traditionally it was our quote vendors who we audited on a two or three year rotating basis. But user firms get direct feeds and they distribute market data both internally and externally so they really are vendors. It only made sense that we should audit them just like we do a traditional vendor."

Deutsche Boerse’s Georg Gross, director and head of front-office data and analytics

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