A Brief History of Market Data

ON BALANCE

The biggest issue in the history of Inside Market Data is celebrating that history. The hefty 48-pager that has landed on your desk features 30 pages of reflections on the last 20 years of not only IMD but the industry itself.

Since we began, IMD has been the source of news and, increasingly, analysis on the market data business. We actually started as the monthly Micro Ticker Report, as recounted by our founder Dennis Waters on page 13.

As you’ll see in this issue, we’ve also reflected the

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