> Do you think any of these lower volume participants are dependent on the CQS/UQDF consolidated feeds though?
I think your probably right here, though I don't know for sure.
> I bet Bloomberg, Thompson Reuters, and co are connecting to each exchange and building their own consolidated feed rather than repackaging CQS/UQDF.
We've had both feeds and this jives with what our reps have told us. Both vendors are proud of their consolidated feed technology. And I've seen the size of one of bloomberg's tickering plants that is colo'd in Toronto. If they aren't building their own feed they have a lot of machines sitting around doing very little:)
Reuters has RDF-D which is distributed. bloomberg has B-PIPE. Both are not as good as using an overpriced FPGA (redline, nova spark, etc) and parsing the data yourself.
I think your probably right here, though I don't know for sure.
> I bet Bloomberg, Thompson Reuters, and co are connecting to each exchange and building their own consolidated feed rather than repackaging CQS/UQDF.
We've had both feeds and this jives with what our reps have told us. Both vendors are proud of their consolidated feed technology. And I've seen the size of one of bloomberg's tickering plants that is colo'd in Toronto. If they aren't building their own feed they have a lot of machines sitting around doing very little:)