market. data. revenue.
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wen pyth network announcement?
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Put differently, "Because of the order protection rule, the SEC will force everyone to connect to us."
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An exchange is a much harder license to achieve vs a broker dealer in Equities or wire transmitter in Crypto. The reason is that the government giving the license specifically scrutinizes how well a company can run an exchange. The license comes with responsibilities and benefits
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But aren’t brokers forced to connect to all exchanges due to regnms rules?
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Remember when he ran Crossfinder at CS…
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