FEEDWATCH  ·  MARKET INFRASTRUCTURE INTELLIGENCE CME GLOBEX → GOOGLE CLOUD: Q2 2026 OPRA 96-LINE MULTICAST EXPANSION: Q3 2026 RULE 605 NMS PLAN: AUG 1, 2026 CAT PHASE 2D: Q3 2026 NFN CTCI RETIREMENT: JUN 30, 2026 FEEDWATCH  ·  MARKET INFRASTRUCTURE INTELLIGENCE CME GLOBEX → GOOGLE CLOUD: Q2 2026 OPRA 96-LINE MULTICAST EXPANSION: Q3 2026 RULE 605 NMS PLAN: AUG 1, 2026 CAT PHASE 2D: Q3 2026 NFN CTCI RETIREMENT: JUN 30, 2026
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Market Data News · Est. 2025

The Intelligence Layer for Market Data Infrastructure

Independent coverage of exchange connectivity, NMS plans, regulatory deadlines, and market data economics — built for the professionals who keep markets running.


Exchange notices get buried in PDFs. Regulatory deadlines slip through the cracks. Fee schedules change without warning. A 1Gbps connection quietly stops supporting multicast and someone's feed goes dark at 9:31am.

Market data infrastructure is the plumbing of financial markets. When it works, nobody notices. When it fails, trading halts, compliance teams scramble, and operations managers spend their weekends on calls with exchange support.

Market Data News exists to surface the changes that matter before they become problems.


01 — What We Cover
Exchange Notices & Feed Changes

Every material change to NYSE, Nasdaq, Cboe, CME, ICE, and 40+ global venues — connectivity updates, protocol migrations, bandwidth requirements, and port changes. Tracked in FeedWatch before they hit your inbox.

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NMS Plan Intelligence

All 8 National Market System Plans tracked in one place — CTA, CQ, UTP, OPRA, CAT, LULD, ISRA, and Rule 605. Amendment filings, compliance deadlines, and operational milestones for SIP-dependent firms.

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Market Data Economics

Interactive fee calculators, exchange cost benchmarks, and contract intelligence tools for market data managers. Know what you pay, why you pay it, and what alternatives exist before your next renewal.

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Regulatory Intelligence

SEC, FINRA, and CFTC rulemaking that affects market data infrastructure — from CAT reporting requirements to prediction market regulation. Tracked from proposal through implementation.


02 — By the Numbers
45 Feeds Monitored
30 FeedWatch Entries
8 NMS Plans Tracked
60+ Global Exchanges
6 Regulatory Bodies

03 — Who Reads This
Market Data Engineers & Feed Handlers
  • Protocol migration deadlines and connectivity changes
  • Bandwidth requirements and multicast group updates
  • CME iLink, NYSE Pillar, Nasdaq ITCH specifications
Market Data Managers & Operations
  • Fee schedule changes and contract renewal alerts
  • Compliance deadlines across all NMS plans
  • Cost benchmarking and alternative feed analysis
Compliance & Regulatory Teams
  • CAT reporting requirements and FINRA priorities
  • SEC rulemaking timelines and comment periods
  • NMS plan amendments and SRO filings

04 — Sources We Monitor
CME Globex Notices NYSE Rule Filings (SEC) Nasdaq Rule Filings (SEC) Cboe Rule Filings (SEC) Federal Register (SRO filings) FINRA Rules & Guidance SEC EDGAR (NMS Plan amendments) CFTC Rulemaking CAT NMS Plan OPRA Plan Administrator ICE Market Notices Eurex Circular FIA Tech Notices DTCC Bulletins USDA WASDE Releases

05 — FeedWatch
Market Infrastructure Calendar
FeedWatch — The Infrastructure Calendar

FeedWatch is our curated calendar of market data infrastructure deadlines. Every entry is researched from primary sources — exchange notices, SEC filings, and regulatory releases — and rated by severity and operational impact. FeedWatch currently tracks 30 active entries across CME, NYSE, Nasdaq, Cboe, SEC, FINRA, CFTC, and ICE.

View FeedWatch Calendar →

Market Data News is an independent publication. We have no affiliation with any exchange, data vendor, or financial institution.

For inquiries: marketdatabasenews@gmail.com