The exchange recently issued management regulations for enhanced market non-display technology, drawing a clear red line on the use of enhanced market data, thereby regulating the use of data and maintaining market fairness. The “Specification” clearly stipulates personal use of data and data forwarding. In terms of personal use of data, the “Code” requires that it be used in designated computer rooms according to written approval, and forwarding or transmission through any interface is strictly prohibited. In terms of data forwarding, it is clearly prohibited to bypass the forwarding system to provide data to users by means of optical splitters, market mirroring, etc., and cannot be forwarded to member units such as brokerage firms or information dealers for a fee. Overseas users are required to report in advance, and binding to MAC address verification is mandatory. Industry insiders pointed out that the purpose of this move is to use the “cage” of the system to strictly prevent misuse and improper dissemination of market data, prevent “detours” using data advantages, and further maintain market fairness.

The exchange recently issued management regulations for enhanced market non-display technology, drawing a clear red line on the use of enhanced market data, thereby regulating the use of data and maintaining market fairness. The “Specification” clearly stipulates personal use of data and data forwarding. In terms of personal use of data, the “Code” requires that it be used in designated computer rooms according to written approval, and forwarding or transmission through any interface is strictly prohibited. In terms of data forwarding, it is clearly prohibited to bypass the forwarding system to provide data to users by means of optical splitters, market mirroring, etc., and cannot be forwarded to member units such as brokerage firms or information dealers for a fee. Overseas users are required to report in advance, and binding to MAC address verification is mandatory. Industry insiders pointed out that the purpose of this move is to use the “cage” of the system to strictly prevent misuse and improper dissemination of market data, prevent “detours” using data advantages, and further maintain market fairness.