Monday, 15 May 2017

Opinion Who owns the order data? by Andrew White via @infomgmt

A new agreement implies that the NYSE has ownership of transaction information submitted by a trader. The issue is the traders thought they owned that information. So who really does?

I think this is a crucial thing that has to be agreed and documented.  You need to know the definition of data the data flows, the meaning, the system of record and the ownership. It a needs to be documented somewhere and it needs to be available to all in some format so that there are no surprises and total understanding between all parties.

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