The National Securities Commission (CNV) established that the distribution and use of market information must be carried out in real time and access to the data must be guaranteed by all market participants without distinction and/or exception.
The National Securities Commission (CNV) modified a series of provisions related to the distribution and use of market information or “market data”in real time. He did it through General Resolution 1,044which adapted the current regulations with the objective that market information providers guarantee in real time, at all times, access to data by all market participants without any distinction and/or exception.
The rule provides that, for these purposes, Agreements or contracts may be entered into for the redistribution of market information in real time. by its member Agents to their clients to operate through the ADM; and/or the use, distribution and/or redistribution, among other uses, of such information by other Markets and/or Agents members of the latter (including, but not limited to, the clients of the aforementioned Agents).
The resolution specifies and highlights that any dispute between capital market participants regarding the use and/or destination of the aforementioned market information, as well as its distribution and/or redistribution, will be reserved to the private sphere.
Market information: they can enter into agreements
“The Markets providing said information must provide it in a non-discriminatory manner and ensuring, at all times, unrestricted equal treatment. centered on the different types and/or levels of content of the services or subscription licenses offered, including the availability, access and equality of the market information they disseminate, and must be provided in an identical manner and with the same opportunity, cost and medium. of delivery, as well as guaranteeing that their computer systems allow efficient communication and connection with the aforementioned subjects,” the standard states.
Likewise, it was established that the “They must avoid generating conflicts of interest or activities contrary to good market practices. of capital and/or compromise the financial viability of its business model or affect the provision of such services on the occasion and/or for the purpose of setting any tariff, discount, refund, promotion or any other benefit in general”.
Source: Ambito
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