Tmx Market Data Distribution Agreement

Thank you for reading this post, don't forget to subscribe!

TMX Market Data Distribution Agreement Explained

TMX Group is a leading integrated exchange group offering global equity and fixed income trading, clearing, and data services. The group operates the Toronto Stock Exchange and the TSX Venture Exchange. TMX Market Data is their market data distribution platform that provides real-time and historical data for equities and derivatives trading on TMX exchanges.

Market data is critical to investment decision-making. It provides traders and investors with real-time information on the pricing, volume, and liquidity of securities. TMX Market Data is a reliable and trusted source of market data for Canadian equities and derivatives. The data is high quality, accurate, and timely.

TMX Market Data Distribution Agreement is a legal agreement between TMX Group and market data vendors. The agreement outlines the terms and conditions for the distribution of TMX Market Data to vendors who resell the data to end-users. The agreement is designed to protect the integrity of TMX Market Data and ensure that it is distributed in a fair and transparent manner.

The TMX Market Data Distribution Agreement sets out the rules for the use of TMX Market Data, including the restrictions on redistribution and the requirement for end-users to have a valid license to access the data. Vendors are required to comply with the terms of the agreement and to have appropriate systems and controls in place to ensure that they are using the data in compliance with the agreement.

The TMX Market Data Distribution Agreement also sets out the fees that vendors must pay for the use of TMX Market Data. The fees are based on the type of data and the number of end-users that the vendor serves. The fees are reviewed and adjusted annually to ensure that they are fair and reasonable.

Market data vendors who wish to resell TMX Market Data must apply for a license from TMX Group. The licensing process includes a review of the vendor`s business model, financial stability, and compliance with regulatory requirements. Once licensed, the vendor must comply with the terms of the TMX Market Data Distribution Agreement.

In conclusion, the TMX Market Data Distribution Agreement is an essential part of the TMX Group`s market data distribution platform. It ensures that TMX Market Data is distributed in a fair and transparent manner, protects the integrity of the data, and ensures that vendors and end-users comply with the terms of the agreement. The agreement is an example of TMX Group`s commitment to providing high-quality, accurate, and timely market data to the investment community.