Fair and transparent market data access mandated, requiring monitoring, load management and clear disclosures to all market participants. Exchanges must adopt a comprehensive policy ensuring fair and transparent market data dissemination, deploy monitoring tools to measure service quality, and implement mechanisms like load balancers and randomizers to maintain consistent response times for all participants; communications must clearly disclose technology features and risks, especially for colocation users. Exchanges must ensure synchronization of system clocks across servers and related systems using suitable mechanisms, amend governing rules as needed, notify brokers and publish the provisions, and report implementation status to the regulator under its investor-protection and market-regulation powers.
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Provisions expressly mentioned in the judgment/order text.
Fair and transparent market data access mandated, requiring monitoring, load management and clear disclosures to all market participants.
Exchanges must adopt a comprehensive policy ensuring fair and transparent market data dissemination, deploy monitoring tools to measure service quality, and implement mechanisms like load balancers and randomizers to maintain consistent response times for all participants; communications must clearly disclose technology features and risks, especially for colocation users. Exchanges must ensure synchronization of system clocks across servers and related systems using suitable mechanisms, amend governing rules as needed, notify brokers and publish the provisions, and report implementation status to the regulator under its investor-protection and market-regulation powers.
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