MMI Member Guest Editorial: Speed up the SIP

MMI Member Guest Editorial: Speed up the SIP
MMI Member Adam Nunes writes that a better way to manage access and distribution of basic stock market trading data (SIP), is to offer competing models by allowing: 1) firms to order the SIP data as they do today, by contacting their vendor or the SIP administrator, 2) the firm/vendor connecting to the SIP would get a connection to each exchange to listen to their data where the data is produced (rather than getting the data from a central location) and 3) the firm would receive and process the data similarly to how it handles direct market data feeds.  Unleashing these competitive forces, he reasons, would be an important first step in improving investors’ access to market data.