Peer groups in the market data industry have been useful in bringing together which of the following?

• A. People who have similar interests in selling data
• B. People who have similar interests increase exchange trading volumes
• C. Consumers, vendors and exchanges
• D. People who have similar interests in cost reduction

Answer: (C)

Peer groups in the market data industry focus on collaboration among the key players who rely on or provide market data. They bring together consumers, such as traders, asset managers, and research teams; data vendors who create and license data feeds; and exchanges that distribute market data. This mix creates a forum where standards, data quality, licensing, access, and cost issues can be discussed and aligned, benefiting everyone involved. By uniting buyers, sellers, and the platforms that disseminate data, these groups help shape governance, best practices, and interoperability across the entire ecosystem. The other options highlight only one side or a narrow outcome, but the strength of peer groups is the cross-cutting collaboration among all major participants.