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Best Practice Recommendations for
Internal Administrative Usage of Market Data, January
2009 |
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Best Practice Recommendations for Derived Data and
Non-Display Applications, January 2009 |
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Exchange
Policies Regarding Fee Liability for Internal Administrative Usage of Data,
November
2008 |
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Exchange Policy
Transparency Initiative, April 14, 2008 |
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FISD Best
Practices For Service Level Communications: Updated
Document Approved by Executive Committee,
December 2007
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Billing and Invoicing Best Practices Approved, May
7, 2007
Adoption of these recommendations
compiled by the FISD Billing and Invoice Working Group (B&IWG) and approved by
the FISD Executive Committee will increase the level of standardization across
the industry and improve efficiencies and timeliness for billing and invoicing
processes.
October 6, 2006 |
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FISD working group seeks consumers' input on
Billing & Invoice Recommendations
October 6, 2006 |
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Unit of Count:
There are currently 2 models under consideration for unit of count. We are
asking all exchanges to review this information and contact the FISD with their
current approach to the unit of count and their feedback on the proposed models.
The Consumer Constituent Group is reviewing these issues and developing a policy
recommendation. October 3, 2006 |
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Derived Data & Non-display Usage: BIPPS Working Group Publishes Definitions &
White Paper: The BIPPS Working Group has created these definitions and
White Paper analysis to assist the market data industry in addressing the issues
associated with Derived Data and Non-display usage. The definitions of relevant
terms represent the consensus thinking of the BIPPS Working Group while the
White Paper lays out alternative points of view on various issues. The BIPPS
Working Group encourages FISD members from all segments of the industry to
review this document and provide feedback.
July 27, 2006 |
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Service Level BPR Update
December 14, 2005 |
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BIPPS Model
Amendment
April 18, 2005 |
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Best Practices Recommendations
March 31, 2005
FISD is has published two new FISD best practice recommendations (BPRs). The first, "Market Data Service Levels, Response Times, and Communications Procedures", specifies product management best practices for content providers as they launch, modify, operate, and communicate regarding their distributed market data products. The second, "Business Issues policy and Procedure Standards" (BIPPS) addresses content and service providers' business administration policies related to the distribution of their market data.
Market Data Service Levels, Response Times, and Communications Procedures Recommendations
Business Issues policy and Procedure Standards Recommendations
Release Announcement Press Release
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FISD Admin Conference
Follow-up
November
17, 2004
Summary of the FISD Market Data Admin Conference. This document and other
analysis will be provided to the FISD Executive Committee in December for
review and action. |
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Service Level Improvement - Document Update
November 15, 2004
This Best Practice Recommendation (“BPR”) is an initiative sponsored by the
FISD/SIIA. The BPR identifies areas of service and communication that
should be addressed by all parties involved to achieve improved levels of
performance benefiting the whole industry.
Chinese Version
Japanese Version |
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Service Level
Improvement
September 16, 2004
FISD members have been working to develop a best practice
recommendation on lead time requirements, communication processes and
segment coordination all designed to ensure reasonable and shared
expectations about service level quality. This is an initial draft
recommendation for FISD member consideration. |
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Redistribution Issues Overview
March 9, 2004
This document outlines five core redistribution categories
and is the basis from which FISD members are defining the activities and
objectives of the newly formed Redistribution working group. The initial
area of activity is on the control and management of market data usage by
financial institutions.
Outline
Plan |
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Uniform Subscriber Addendum
January 12, 2004
This is a copy of the uniform subscriber
addendum (USA) in use by the CBOR Futures Exchange, CBOT, CME, One Chicago,
KCBOT, NYBOT and NYMEX. |
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Redistribution/Data Usage Action Plan
January 7, 2004
The FISD Executive Committee has approved a new project around the core
issues associated with market data usage and redistribution. The scope of
the full project is still being defined. This document focusing on the
control and management of market data by financial institutions is part of
the initial activity. |
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Uniform
Datafeed Questionnaire
Standard
questionnaire to identify how firms use market data and the technical systems
and administrative procedures in place to manage market data and reporting. (This
document can be used to fulfill Exhibit A, Attachment A and Datafeed control contractual
requirements for internal redistribution of market data.)
Unanimously adopted by the FISD
Executive Committee May 1998. |
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Notification
Processes
Best practice recommendations
on lead-time
notification cycles,
coordination
of exchange fee changes
and delivery of exchange
notification documentation in English.
The FISD Executive Committee has adopted
all three best practice recommendations.
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Audits
FISD's data audit code of practice intended to promote fair, reasonable and consistent
practices through members of the financial information industry can exercise contractual
rights and obligations. |
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General
Principles of Datafeed Reporting
In
January 1999 the FISD Executive Committee unanimously approved the
Principles of Datafeed Reporting. The document is an initial
statement of general principles governing the content and use of
datafeed reports. Its goal is to provide a common framework for
datafeed reporting within which the details of best practice can
be established and more efficient systems for reporting, billing
and verification developed. |
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Unit
of Count
FISD's User Committee has developed this proposed unit of count
definition (including device equivalencies) as well as
recommendations on how they are to be applied in vendor and
exchange contracts. The unit of count initiative is part of an
ongoing discussion related to multiple access fees, double
billing, and an improved user/vendor entitlement reconciliation
process. |
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Multiple
Access Fees
FISD's User Committee is working with direct-bill exchanges on
the development of a standard approach and automated process to
more efficiently reconcile user and vendor entitlement reports.
The expected result is more efficient overall inventory
management and reconciliation processes, minimization of the
need for cross-referencing/mapping and the elimination of
multiple access charges.
As part of this activity, the New York Stock Exchange
implemented a Multiple Installation Single User (MISU)
procedure in support of its long-standing policy of charging
a single device fee for users receiving multiple services
entitled for NYSE real-time data. |
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Enterprise
Licenses
There is no active enterprise license initiative currently
within FISD. The documents in this page are the result of
discussions about definitions and objectives of enterprise
licenses and are provided for reference and general
consideration. |
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FISD working group seeks consumers' input on
Billing & Invoice Recommendations
October 6, 2006 |
