The Canadian Securities Administrators (CSA) has opened applications to participate in a newly created Retail Committee aimed at facilitating access to consolidated real-time market data (RTMD) for retail investors and retail investment advisers. The committee will assess how these users currently access consolidated RTMD, identify barriers, and develop actionable recommendations to improve access to RTMD products. The CSA is seeking applicants from retail-focused investment firms and platforms, investor advocacy groups, data vendors and technology providers, academics and researchers with market data expertise, and other stakeholders with relevant experience. Expressions of interest are due by January 9, 2026, and the committee is expected to begin work in mid-January 2026, with a six to nine month work period; its mandate is set out in CSA Staff Notice 21-334 Next Steps to Facilitate Access to Real Time Market Data. Further details on timelines and committee structure will be provided to selected participants.
Canadian Securities Administrators 2025-12-05
Canadian Securities Administrators invites applications for a Retail Committee to improve retail access to consolidated real-time market data
The Canadian Securities Administrators (CSA) has launched a Retail Committee to enhance access to consolidated real-time market data for retail investors and advisers. The committee will evaluate current access methods, identify barriers, and propose improvements. Applicants are sought from retail investment firms, advocacy groups, data vendors, and other stakeholders with relevant expertise.