Alternative Data News and Insight

ZwillGen lawyers answer frequently asked questions about what happened with App Annie, what the settlement means, and how it might inform industry conduct.

The SEC has once again included alternative data in its list of examination priorities, signalling that the agency will continue closely watching how funds create and use data in 2021.

We consider it critically important that regulated buyers monitor their data vendors on an ongoing basis. Anecdotally we have heard that the SEC takes this view, particularly with respect to tracking vendor litigation. Recently, a member of the SEC Examinations team expressed a similar opinion at Neudata’s Winter Summit. We believe that a shift to events-based diligence, rather than diligence solely around contract signatures and renewals, is necessary to mitigate risk in the current environment.

The incoming Biden administration has nominated former financial regulator Gary Gensler to run the SEC as the regulatory body looks to regulate institutional alternative data usage more stringently.

The US Securities and Exchange Commission’s Office of Compliance Inspections and Examinations has added alternative data usage to its list of examination priorities for 2020.

The US Securities and Exchange Commission announced Wednesday that will require exchanges to revamp the public data feeds that provide information on real-time stock prices.