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In this act Article 4 of 28

Article 4 — Obligation to provide market data on a non-discriminatory basis

Financial servicesLevel 2RTSMiFIRIn forceOfficial source

4(1)

1.Market data providers shall grant access to market data on a non-discriminatory basis, as regards fees, terms and conditions related to access, technical arrangements, and distribution channels.

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4(2)

2.Market data providers shall apply the same schedule of fees and the same terms and conditions to access market data to all clients requesting access to market data.

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4(3)

3.Market data providers shall have scalable capacities in place to ensure that market data clients obtain timely access to market data at all times on a non-discriminatory basis.

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4(4)

4.Market data providers shall offer clients the same set of options with respect to technical arrangements and ensure that technical arrangements neither discriminate nor create any unfair advantage or disadvantage.

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4(5)

5.Market data providers shall be able to justify any divergences in the provided solutions for access to market data adopted on the basis of valid technical constraints.

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