Market Data Purpose Guide the design and management of market data infrastructure for financial services firms. Covers real-time and delayed market data, depth of book levels, consolidated tape and direct feeds, data vendor selection and management, market data licensing and entitlements, data distribution architecture, and market data quality management. Enables building or evaluating market data infrastructure that delivers accurate, timely data to trading, portfolio management, and client-facing systems. Layer 13 — Data Integration (Reference Data & Integration) Direction both When to Use…