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FIF Market Data Capacity Working Group

Recognized by the press and the financial service community at large, FIF works with member firms to prepare and publish the definitive statistics on market data capacity. Financial institutions, vendors, and originators come together to share their data and expectations for future message traffic. FIF also tracks market data capacity with an eye towards future growth, providing members linear regression analysis projecting future market data traffic in options and equities.

Access to FIF Capacity Statistics is limited to FIF members. Prospective members can view an excerpt of the capacity stats by clicking here.

Chairs: Robert Wallos, NYSE Euronext; Jeff Wells, Exegy

Meeting Materials/Minutes


(FIF members please log in to access documents)

August 19, 2010 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2010-08-18]
Meeting materials covering market data capacity events

July 22, 2010 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2010-07-21]
Meeting materials covering market data capacity events

June 17, 2010 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2010-06-16]
Meeting materials covering market data capacity events

Archive Documents


(FIF members please log in to access documents)

May 20, 2010 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2010-05-19]
Meeting materials covering market data capacity events

Apr 22, 2010 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2010-04-21]
Meeting materials covering market data capacity events

Mar 18, 2010 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2010-03-17]
Meeting materials covering market data capacity events

Feb 24, 2010 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2010-02-23]
Meeting materials covering market data capacity events

Jan 21, 2010 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2010-01-20]
Meeting materials covering market data capacity events and ISCA presentation

Dec 15, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-12-14]
Meeting materials covering market data capacity events

Nov 19, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-11-18]
Meeting materials covering market data capacity events

Oct 20, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-10-19]
Meeting materials covering market data capacity events

Sep 24, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-09-23]
Meeting materials covering market data capacity events

Aug 20, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-08-19]
Meeting materials covering market data capacity events

July 23, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-07-22]
Meeting materials covering market data capacity events

June 18, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-06-17]
Meeting materials covering market data capacity events

May 19, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-05-18]
Meeting materials covering market data capacity events

April 22, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-04-21]
Meeting materials covering market data capacity events

March 31, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-03-30]
Meeting materials covering market data capacity events

February 26, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-02-25]
Meeting materials covering market data capacity events

January 16, 2009 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2009-01-15]
Meeting materials covering market data capacity events and automated equity trading analysis.

November 21, 2008 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2008-11-18]
Meeting materials covering market data capacity events and automated equity trading analysis.

October 16, 2008 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2008-10-15]
Meeting materials covering market data capacity events and automated equity trading analysis.

September 18, 2008 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2008-09-18]
Meeting materials covering market data capacity events and automated equity trading analysis.

July 17, 2008 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2008-07-16]
Meeting materials covering market data capacity events and automated equity trading analysis.

April 17, 2008 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2008-04-16]
Meeting materials covering market data capacity events and automated equity trading analysis.

February 21, 2008 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2008-02-20]
Meeting materials including 2007 Annual Report and Equity SIP Projections Report

September 13, 2007 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2007-09-13]
Meeting materials including automated equity trading and options penny pilot analysis.

July 26, 2007 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2007-07-26]
Meeting materials covering market data capacity events including options penny pilot analysis and automated equity trading analysis.

June 14, 2007 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2007-06-14]
Meeting materials covering market data capacity events including exchange updates, options penny pilot analysis and automated equity trading analysis.

April 18, 2007 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2007-04-18]
Meeting materials with updates and analysis of market data capacity events.

March 1, 2007 - FIF Market Data Capacity WG Meeting Materials   [Posted: 2007-03-01]
Meeting materials with updates and analysis of market data capacity events.

April 12, 2006 - ISCA Update on OPRA Bandwidth and Penny Pricing Pilot Update   [Posted: 2006-04-19]
Mike Walinskas, OCC representing Independent System Capacity Advisor (ISCA) provided an update to the FIF Capacity Committee reviewing OPRA bandwidth projections and a penny pricing pilot update.

March 21, 2006 - March Meeting Notes   [Posted: 2006-04-13]
Topics covered include: New Capacity Statistics ? FIF Projections of OPRA data, Penny Pricing Update, Regulation NMS Impact ? Capacity impact of automated listed trading based on OTC market comparisons, Exchange Updates (OPRA/SIAC, ISE, CBOE, Archipelago,

February 8, 2006 - FIF Market Data Capacity Meeting - Bandwidth Focus   [Posted: 2006-02-10]
The February Capacity Meeting focused on opportunities for bandwidth reduction including the role of FIF in assisting industry efforts.

January 17, 2006 - FIF Market Data Capacity Meeting Minutes   [Posted: 2006-01-30]
FIF Market Data Capacity January Meeting Materials including exchange and other capacity-related updates.

January 17, 2006 - FIF Market Data Capacity Meeting Materials   [Posted: 2006-01-17]
FIF Market Data Capacity Janaury Meeting Materials. Please see December 2005 Capacity Statistics below for the capacity statistics.

November 29, 2005 - FIF Market Data Capacity Meeting Minutes   [Posted: 2005-12-20]
FIF Market Data Capacity November Meeting Minutes including updates from SIAC, OPRA, ARCA, Nasdaq, and Deutsche Boerse as well as upcoming capacity events (e.g., Reg NMS, Penny Trading)

November 29, 2005 - FIF Market Data Capacity Meeting Materials   [Posted: 2005-11-28]
FIF Market Data Capacity November Meeting Materials including capacity statistics and recent events affecting capacity.

October 24, 2005 - FIF Market Data Capacity Meeting Minutes   [Posted: 2005-11-02]
FIF Market Data Capacity October Meeting Minutes including updates from SIAC, OPRA, ARCA, Nasdaq, and Deutsche Boerse as well as upcoming capacity events (e.g., Reg NMS, MiFID)

October 24, 2005 - FIF Market Data Capacity Meeting Materials   [Posted: 2005-10-30]
FIF Market Data Capacity October Meeting Materials including capacity statistics and recent events affecting capacity.

September 13, 2005 - FIF Market Data Capacity Meeting Minutes   [Posted: 2005-09-23]
FIF Market Data Capacity September Meeting Minutes discussing options capacity, data storage management and the FIX FAST protocol.

September 13, 2005 - FIF Market Data Capacity Meeting Materials   [Posted: 2005-09-20]
FIF Market Data Capacity September Meeting Materials including capacity statistics and recent events affecting capacity.

July 21, 2005 - Capacity Meeting Materials   [Posted: 2005-07-21]
Includes June 2005 capacity statistics and other topics presented at the July 21, 2005 FIF Market Data Capacity Committee Meeting

June 1, 2005 - Market Data Capacity Meeting Minutes   [Posted: 2005-06-21]
Meeting minutes from June 1, 2005 Capacity Committee Meeting including updates from SIAC, NASDAQ and ARCA as well as a discussion of revised statistics.

Market Data Capacity Planning Meeting Minutes- April 27 2005 Meeting   [Posted: 2005-05-06]
Minutes from the April 27 2005 Market Data Capacity Planning Meeting. Capacity input from SIAC, NASDAQ and ARCA.

March 3, 2005 - Market Data Capacity Meeting Minutes   [Posted: 2005-03-14]
Minutes from the March 3 Market Data Capacity Meeting, highlights include the ISCA discussion of option volume, and volume discussions from SIAC, OPRA, CME, NYSE, and NASDAQ.

January 2005 Market Data Capacity Statistics   [Posted: 2005-02-18]
Includes capacity figures through January 2005 as reported to FIF. The year-end charts are now posted in a separate document.

OPRA Bandwidth Requirements - January 2005   [Posted: 2005-01-21]
A listing of current and projected bandwidth requirements to receive OPRA data via SFTI connections.

FIF 2004 Summary Capacity Charts   [Posted: 2005-01-20]
This is the set of new year-end market data capacity charts. They include views that show year-to-year capacity comparisons, trends, and peak bandwidth (2002-2004).

December 2004 Market Data Capacity Statistics   [Posted: 2005-01-20]
Includes capacity figures through December 2004 as reported to FIF. The year-end charts are now posted in a separate document.

January 13, 2005 - Market Data Capacity Meeting Minutes   [Posted: 2005-01-14]
Minutes from the January 13 Market Data Capacity Meeting, highlights include the discussion of the annual charts and volume discussions from SIAC, OPRA, ARCA and NASDAQ.

November 2004 Market Data Capacity Statistics   [Posted: 2004-12-23]
Includes capacity figures through November 2004 as reported to FIF.

FIF Option Volume Presentation at FISD General Meeting   [Posted: 2004-12-17]
The slides that Leo McBlain and Jeff Wells presented on US Option Volume Growth at the FISD December General Meeting in New York.

August 2004 - Market Data Capacity Statistics   [Posted: 2004-10-06]
Includes capacity figures through August 2004 as reported to FIF.

August 19, 2004 - Market Data Capacity Meeting Minutes   [Posted: 2004-08-30]
Minutes from the August 19 Market Data Capacity Meeting, highlights include the Option Volume Special Presentation (ISCA).

July 2004 - Market Data Capacity Statistics   [Posted: 2004-08-18]
Includes capacity figures through July 2004 as reported to FIF.

June 2004 - Market Data Capacity Statistics   [Posted: 2004-07-14]
Includes capacity figures through June 2004 as reported to FIF.

OPRA Bandwidth Requirements   [Posted: 2004-05-21]
A listing of current and projected bandwidth requirements to receive OPRA data via SFTI connections.

Background article about the growth in market data traffic rates   [Posted: 2004-05-18]
A letter by FIF Market Data Capacity Committee Chairman Jeff Wells regarding the explosion in market data traffic rates - April 19, 2004

May 06, 2004 - Market Data Capacity Meeting Minutes   [Posted: 2004-05-13]
Minutes from the May 06, 2004 Market Data Capacity Committee meeting.

FIF Comment Letter on SEC Filing S7-07-04: Concept Release on Competitive Developments in the Options Market   [Posted: 2004-05-10]
FIF Response to SEC Concept Release concerning quoting in sub-pennies on the options markets.

Feb 26, 2004 - Market Data Capacity Meeting Minutes   [Posted: 2004-03-02]
Minutes from the second market data capacity meeting of 2004.

Feb 26, 2004 - FIF Market Data Capacity Letter   [Posted: 2004-02-26]
A memo documenting the FIF Market Data Committee achievements during 2003 and the view on challenges that face the industry in 2004.

Jan 15, 2004 - Market Data Capacity Meeting Minutes   [Posted: 2004-02-17]
Minutes from the first market data capacity meeting of 2004.

fifinfo@fif.com . 212 422 8568
Financial Information Forum. 5 Hanover Square New York, NY. 10004