Real-time Market Data Fees

Real-time market data plays a key role in today’s equity markets. Issues about real-time market data first surfaced during the selection of an information processor for exchange-traded securities other than options in 2009. CSA Staff Notice 21-309 Information Processor for Exchange Traded Securities other than Options acknowledged issues raised at the time and CSA Staff made a commitment to review these issues at a future date.

As a result of this commitment, we have issued a Consultation Paper that presents our understanding of the real-time market data environment in Canada, discusses issues related to the cost of real-time market data and seeks stakeholder input on the options proposed to address these issues.

For more information: