NEWS 11/13/2024 The TRADE News Interview: AI? Patience young grasshopper 11/05/2024 Whitepaper: Europe Trip Takeaways and the development of Consolidated Tape (Traders Magazine) 09/23/2024 Data Boiler’s recommendations - A-Z key components of EU Equity Consolidated Tape 08/28/2024 DataBoiler submitted comments to the ESMA regarding (i) Review of RTS 2 on transparency for bonds, structured finance products and emission allowances, draft RTS on reasonable commercial basis and review of RTS 23 on supply of reference data; and (ii) Technical Standards related to Consolidated Tape Providers and DRSPs, and assessment criteria for the CTP selection procedure 08/19-9/27/2024 Traders Magazine / Mondovisione / GARP - From Latency to A.I. Algo Driven Capital Markets 08/15-10/25/2024 Tabb Forum / Mondovisione / GARP - Race to the Bottom for Market Data Reform 07/10/2024 Data Boiler submitted comments to the EC regarding OTC derivatives identifying reference data for the purpose of public transparency 07/09/2024 European Commission (EC) appointed Data Boiler as a Type C organization member of the Expert stakeholder group on equity and non-equity market data quality and transmission protocols, a.k.a. Data Expert Group (DEG) 07/03/2024 IPOS in Singapore approved 38 Patent Claims, including a machine-learning process 05/17/2024 GARP Risk Intelligence: How Extreme – and How Manageable – Are the Risks of AI? 05/08/2022 The TRADE News - Agree to disagree on LSEG’s view on UK consolidated tape for equities 04/19-25/2024 Traders Magazine / Mondovisione / Benzinga / SEC - A.I. Risks = Downfall of Humanity 03/06/2024 DataBoiler submitted comments to the FCA regarding the Proposals to Improve Transparency for Bond and Derivatives Markets (CP23/32) 02/26/2024 DataBoiler submitted comments to the SEC regarding the latest proposal by the SROs on a new single Consolidated Tape (CT) Plan governing the public dissemination of real-time consolidated equity market data 02/16-27/2024 Benzinga / Mondovisione - Up-and- Running of Consolidated Tape versus Market Structure Improvement 02/09/2024 DataBoiler submitted comments to the FCA regarding Payments to data providers and forms for Data Reporting Services Providers including Policy Statement for the framework for UK consolidated tape (CP23/33) 01/23/2024 October Research / Dodd-Frank Update Interview: State of the Industry Special Report - Bank or Nonbank 01/17/2024 Traders Magazine / Mondovisione / SEC - Rebate Tiering and Competitive Pricing of Different Market Centers 01/11/2024 WatersTechnology Interview: Bloomberg’s Figi extends crypto incroads 01/05/2024 DataBoiler submitted comments to the SEC regarding Volume-Based Exchange Transaction Pricing for NMS Stocks 12/22/2023 Newsletter: Pleasing to the Ear - Myths | Truths | Music 12/06/2023 GRC Outlook / Mondovisione - Improving Trust Amid Race in Technologies 11/21/2023 DataBoiler working with BVI (Buy-side) and BWF (Sell-side) in EU on a proposal to ESMA regarding reform to market data compensation 10/10/2023 DataBoiler submitted comments to the SEC regarding Conflicts of Interest Associated with the Use of Predictive Data Analytics by Broker- Dealers and Investment Advisors (File #: S7-12-23; Release #: 34-97990) 10/06/2023 Web-conference with the FCA - Markets Policy Division on Wholesale Data Market Study - Consolidated Tape 09/29/2023 DataBoiler submitted comments to the FCA regarding Wholesale Data Market Study - Update Report (MS23/1.4) 07/21-28/2023 Traders Magazine / Mondovisione / Benzinga - How a public utility’s licensing framework can be reasonable commercially? 06/22/2023 Mondovisione - Are Digital Asset Portals Akin to Stock Exchanges or Casinos? 06/13/2023 DataBoiler submitted comments to the SEC regarding the Definition of “Exchange” (34- 97309) 04/14/2023 Traders Magazine / Mondovisione - Analogies and Taboo of the SEC’s Market Reform 03/31/2023 DataBoiler submitted comments to the SEC regarding Disclosure of Order Execution Information, Minimum Pricing Increments, Access Fees, Transparency of Better Priced Orders, Order Competition Rule, Regulation Best Execution (34- 96493, 34-96494, 34-96495, 34-96496) 03/30/2023 DataBoiler submitted comments to the FCA regarding Wholesale Data Market Study (MS23/1) 02/24/2023 Mondovisione / YouTube - The SEC's attempt to detoxify an entangled industry value chain 02/23/2023 Traders Magazine Interview: Changes to the Advisers Act Custody Rule Could Increase Costs 01/27/2023 CIPO in Canada approved 18 Patent Claims regarding Transformation and Comparison of Trade Data 01/12/2023 Meeting with the SEC - Commissioner Crenshaw’s and Commissioner Lizárraga’s Counsels on proposed rules on proposed rules on Best Execution, Order Competition, Minimum Pricing Increments, Access Fees, and Transparency of Better-Priced Orders, and the Disclosure of Order Execution Information 12/22/2022 Year End Newsletter: Life goes on amid Tectonic Shift 12/22/2022 DataBoiler submitted comments to the SEC regarding CAT Executed Share Model (34- 94984, 34-96394) 12/05/2022-01/06/2023 Tabb FORUM / Mondovisione / Traders Magazine / Global Association of Risk Professionals - Have you seen the Quantum Cat after Digital Asset Crash? 11/11/2022 DataBoiler submitted comments to the Financial Conduct Authority regarding Trading Venue Perimeter (CP22/18) 10/03-21/2021 Whitepaper: Noumenon of US Equity Market Structure (coverage on Tabb Forum, Mondovisione, Traders Magazine) 09/08-12/2022 Mondovisione / Tabb FORUM - Litmus Test For An Alternative To PFOF And Other Market Structure Nuances 08/08/2022 DataBoiler submitted comments to the US Treasury regarding Responsible Development of Digital Assets (87 FR 40881) 07/29-08/02/2022 Mondovisione / Tabb FORUM - Order-By-Order Competition: Alternative To Routing Retail Stock Orders To Auctions 07/15-19/2022 Traders Magazine / Mondovisione / Tabb FORUM / Benzinga - Market Data: Competing Consolidators without CT-Plan 06/16-21/2022 Tabb FORUM / Benzinga / Mondovisione - An Alternative to the SEC’s Trading Venue Perimeter Rule 05/25/2022 WebEx Meeting with the SEC - Commissioner Peirce’s Counsels on Exchange Act rule 3b-16 and Regulation ATS 05/23/2022 WatersTechnology Interview: Is an EMS an exchange? Vendors alarmed by scope of Reg ATS amendments 05/19/2022 The TRADE News - Trading Venue Perimeter: US vs EU differences but equally unpopular 05/16/2022 Traders Magazine / Mondovisione - Trading Venue Perimeter: Whose interest being protected under ATS reform? 04/18/2022 DataBoiler submitted comments to the ESMA regarding Trading Venue Perimeter (ESMA70-156-4978) 04/18/2022 DataBoiler submitted comments to the SEC regarding Investor Protections in Communication Protocol Systems (CPSs) and Alternative Trading Systems (Release No. 34-94062) 02/14/2022 DataBoiler submitted comments to the FCA regarding Accessing and using wholesale data (FS22/1) 02/08/2022 Practice Insight Interview: UK to focus on fixed income consolidated tape 02/01/2022 International Financial Law Review (IFLR) Interview: Industry relieved by 6 month CFTC Rewrite delay 02/01/2022 WatersTechnology Interview: Whose data is it, anyway? 01/07/2022 DataBoiler submitted comments to the SEC regarding the Securities Lending Transparency Proposal 12/22/2021 Newsletter: #Cyberpunk #ConsolidatedAuditTrail #Surveillance #RegulartoryAffairs #MarketData #CTPlan #CMU #MarketStructure 11/30-12/02/2021 Traders Magzine / Mondovisione / Accredited Investor Journal / Tabb Forum - Market Data: a lot going on, is it going anywhere? 10/29/2021 Thanks the SEC for acknowledging DataBoiler’s comments (disapproving CAT limited liability provisions for SROs) 10/13/2021 #STADC2021 - Great Return or Great Decoupling 08/24/2021 WatersTechnology Interview: Confusion remains over SEC’s market data efforts 08/20/2021 Tabb Forum - CAT: Red Tape and Burden on Everyone 08/16/2021 DataBoiler submitted further comments to the SEC regarding the CAT Funding Model 08/09-11/2021 Traders Magazine / Mondovisione / Accredited Investor Journal - New Administration showcases what Governance means 08/04/2021 WebEx Meeting with the SEC - Commissioner Crenshaw’s Counsels 08/02/2021 WebEx Meeting with the SEC - Commissioner Peirce’s Counsel / Commissioner Lee’s Counsels 07/28/2021 Whitepaper: Values of Composing Trades - How music industry may be the blueprint for capital market 07/16/2021 DataBoiler submitted further comments to the SEC regarding the CT Plan governing the public dissemination of market data 07/16/2021 Mondovisione - CAT: Surveillance without kicking the can down the road 07/08/2021 Mondovisione - CAT: the “A through Z” Security and Privacy Requirements 07/01/2021 Mondovisione - CAT: How much should FINRA and Trading Venues pay 06/22/2021 Mondovisione - CAT: Bifurcated Cost Allocation is Inequitable 06/11/2021 Mondovisione - CAT: Outside Delegate Authorities 06/04/2021 Traders Magazine / Accredited Investor Journal - CAT: Elephant in Room, Out of Everyone’s Pocket, Invading Everyone’s Privacy 06/04/2021 Tabb Forum / Mondovisione - CAT Outdated Design Since 2012 being the Context of the Problem 05/18/2021 WebEx Meeting with the SEC - Commissioner Crenshaw’s Counsels 05/03/2021 DataBoiler submitted comments to the SEC regarding Consolidated Audit Trail - LLP, Funding Model, Enhance Data Security 02/26/2021 DataBoiler submitted comments to the IOSCO regarding Market Data in the Secondary Equity Markets 01/27/2021 DataBoiler submitted comments to the SEC regarding Consolidated Audit Trail - Limitation of Liability Provisions 01/26/2021 WebEx Meeting with the SEC - Commissioner Crenshaw and Counsels 01/11/2021 DataBoiler submitted comments to the ESMA regarding MiFID II/ MiFIR obligations on market data 01/05/2021 WebEx Meetings with the SEC - Office of Acting Chairman Roisman 12/25/2020 Newsletter: Let’s take a ride and run with the elves and reindeers in Suburbia 12/21/2020 WebEx Meetings with the SEC - Commissioner Peirce and her Counsel / Office of the Chairman 12/07/2020 WebEx Meetings with the SEC - Division of Trading and Markets / Counsels of Commissioner Crenshaw 11/30/2020 DataBoiler submitted comments to the SEC regarding Consolidated Audit Trail - Enhance Data Security 11/20/2020 DataBoiler provided summary comments to the SEC regarding Divergence between Private and Social Costs 11/12/2020 DataBoiler submitted comments to the SEC regarding CT Plan - Consolidated Equity Market Data Governance 11/10/2020 DataBoiler submitted comments to the SEC regarding NYSE’s proposal - Wireless Market Data Connections 10/29/2020 Smile Curve Changes as Securities Value Chain Evolves - Tabb Forum / Mondovisione 10/21-28/2020 Market Data Myths versus Truths - Mondovisione / Tabb Forum / Traders Magazine / Benzinga / Accredited Investor Journal 09/02/2020 WebEx Meeting with the SEC - Counsel to Commissioner Caroline Crenshaw 07/15/2020 WebEx Meeting with the SEC - Office of the Chiarman 07/07/2020 WebEx Meeting with the SEC - Counsel to Commissioner Elad Roisman 07/01/2020 WebEx Meeting with the SEC - Counsel to Commissioner Allison Herren Lee 06/24/2020 Conference call with Department of Justice - Antitrust Division on the SEC’s Market Data Infrastructure Proposal 06/16/2020 Competing Decentralized Consolidation Model is Impractical - Traders Magazine / Mondovisione / Tabb Forum 06/12/2020 WebEx Meeting with the SEC - Advisor to Commissioner Hester Peirce 05/26/2020 DataBoiler submitted comments to the SEC regarding Market Data Infrastructure 05/02/2020 Letter from the FED thanking DataBoiler for our comments regarding Main Street Lending Program 04/16/2020 DataBoiler submitted comments to the FED regarding Main Street Lending Program, Paycheck Protection Program, Primary and Secondary Market Corporate Credit Facilities, and Term Asset-Backed Securities Loan Facility (amid Coronavirus pandemic) 03/31/2020 Mondovisione: Volcker Revision and Coronavirus 03/31/2020 DataBoiler submitted comments to the FED, OCC, FDIC, SEC and CFTC regarding Dodd- Frank Volcker Revisions (Covered Funds) 02/12/2020 Market Data: Split, or Be Told How to Govern - Tabb FORUM / Traders Magazine / Mondovisione 02/04/2020 DataBoiler submitted comments to the SEC regarding Consolidated Equity Market Data and related NMS Governance Reform 01/08/2020 USPTO approved 18 patent claims, including the use of Time-Lock to make Market Data available securely in synchronized time 12/23/2019 Newsletter: Share the same Grand Vision 12/17/2019 DataBoiler submitted comments to the SEC regarding Market Structure for Thinly Traded Securities 12/09/2019 Meeting with the Securities and Exchange Commission regarding Improvements to the Current Market Data System 11/15/2019 Securities Information Processor (SIP) Operating Committee: DataBoiler’s comment regarding Odd Lots Proposal 10/14/2019 Fiduciary, Suitability, Best Interest and What Not - Mondovisione / Tabb FORUM / Traders Magazine 09/26/2019 Market Data Available Securely in Synchronized Time - Tabb FORUM / Mondovisione / Traders Magazine / FinReg Alert 09/03/2019 H&R Block Analogy for CAT and Combating Fraud - Mondovisione / Traders Magazine / Tabb FORUM 08/26/2019 Indirectly Helping Thinly Traded Securities Segment - Traders Magazine / Tabb FORUM / Mondovisione 08/21/2019 Volcker Revision: Acknowledged our comments 28 times, the agencies went with or modified their proposal in 10 occassions 08/06/2019 Missed Opportunities for Average Investors - Tabb FORUM / Mondovisione / Traders Magazine 07/09/2019 Warring States Period, Finding New Equilibrium - Mondovisione / Traders Magazine / Tabb FORUM 06/25/2019 Animal Farm and Market Data: Negotiate to be More Equal - Traders Magazine / Mondovisione / Tabb FORUM 06/12/2019 Access Fee Pilot May Lose Direction When New Exchanges Appear - Tabb FORUM / Traders Magazine / Mondovisione / FinReg Alert 04/02/2019 FlexTrade Interview / Tabb FORUM coverage - CAT - Moving the Ball Forward 01/29/2019 The SEC: Comments on Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests With, Hedge Funds and Private Equity Funds 12/21/2018 Newsletter: Market Structure Needs Changes 11/19/2018 Global Association of Risk Professionals: Volcker Revision - A Toxic Proposal (White Paper) 11/03/2018 Volcker Revision's 'Toxic' Loopholes - Tabb FORUM / Mondovisione / Money Health Finance / FinReg Alert 10/24/2018 Meeting with the Securities and Exchange Commission, Division of Trading and Markets 10/16/2018 §619 Volcker Revision: DataBoiler's respond to CFTC, SEC, OCC, FED, and FDIC request for comment 09/13/2018 Tradeweb FINREG Alert featured article: The Volcker Rule: Proposed vs. Revised – 5 Predictions for the Watered-Down Regulation 06/17/2018 Kelvin was invited as Evaluator Panel of the IoT Open Innovation Lab by Northeastern University 06/05/2018 FinReg Alert: Equity Market Split on Restructuring – The Access Fee Pilot Debate 05/31/2018 Traders Magzine Interview: The Split to Restructure Equity Markets 05/29/2018 Tabb FORUM featured article: Equity Market Split on Restructuring - The Access Fee Pilot Debate 05/14/2018 §610 Access Fee Pilot for NMS Stocks: DataBoiler's respond to SEC requests for comment 04/05/2018 GARP Risk Intelligence: Irrational Exuberance in 2018: Aiming for Crisis Prevention 01/25/2018 2018 Exuberance: Sarcasm as the Best Precaution Against Crisis - Tabb FORUM / Mondovisione 12/15/2017 Newsletter: Blessed are the Blockheads? 10/24/2017 Dodd-Frank Update Interview: Making the Volcker Rule more flexible 10/20/2017 October Research interview: 2017 Mortgage Technology Special Report - Kelvin explains the hidden concerns and irony of Blockchain that investors and consumers should aware 10/06/2017 Tabb FORUM: Volcker Rule Objections Are Mostly Just Excuses 09/18/2017 §619 Dodd-Frank Volcker Rule: DataBoiler's respond to OCC requests for comment 08/29/2017 Volcker Mocked: 5 Predictions for the Watered-Down Regulation - Tabb FORUM / Mondovisione / FinReg Alert 7/19/2017 GARP: Indepth look at Rogue Trading 6/30/2017 Tabb FORUM: Treasury Got a 'D' 05/12/2017 See Who Rises to the Rogue's Hall of Fame - Tabb Research / Mondovisione 4/28/2017 Financial Technologies Forum Interview: Trump Team Challenges SIFI Designation 3/29/2017 Tabb FORUM: The Volcker Rule and Trump’s Core Principles 3/28/2017 Benzinga: Too Many Stakes on Volcker 3/22/2017 Global Association of Risk Professionals: Rethinking Market Surveillance 3/10/2017 Traders Magazine: Clock Synhronization - Challenge that needs a New Solution 3/3/2017 Tabb FORUM: Is clock synch the CAT's fatal flaw? 1/9-10/2017 Kelvin To was invitied to participate in the FinTech Ideas Festival by Financial Services Roundtable 12/19/2016 Newsletter: How innovation happens ... 11/22/2016 GARP Risk Intelligence: CAT: A Flawed and Controversial Approach to Market Surveillance 11/09/2016 AutoCAD the CAT amid controversy - Tabb FORUM / MarketsMedia / Traders Magazine / Intelligent Trading Technology 09/23/2016 Treasury Today Interview: Making sense of all the data 08/16/2016 The Trade Interview: Banks ask to push Volcker out to 2022 07/25/2016 Fedscoop: Regulators call planned SEC financial database a 'treasure trove' for hackers 07/21/2016 Volcker One-Year Anniversary: A Quest for Answers, or a Taboo? - Tabb FORUM / MarketsMedia 07/15/2016 §613 Consolidated Audit Trail/ CAT NMS Plan: DataBoiler's respond to SEC requests for comment 06/07/2016 Kelvin was invited to be a panelist on the FSR/BITS (Banking Policy Institute): FinTech Today and Tomorrow event in DC 05/05/2016 Tabb FORUM: Reasonable Inventory and I cannot see it 03/16/2016 Tabb FORUM: Volcker Violation: Felony or Misdemeanor Charges? 03/11/2016 GARP Risk Intelligence: The Path to Volcker Compliance: Analyzing Risk Controls 02/24/2016 Tabb FORUM: Volcker Independent Testing: Multiple Choice or Long Essay? 02/03/2016 Tabb FORUM: Volcker Attestation: Guilty or Not Innocent? 01/05/2016 Tabb FORUM: Volcker Enforceability: Backburner, or Bazooka? 01/01/2016 The Banker interview: Structural reforms left behind by changes to banking markets 12/18/2015 Holiday's Newsletter: Bears, Just watch me walking in all the squares! 11/18/2015 Tabb FORUM: Volcker Challenges: Unsolvable, or Unprofitable? 11/06/2015 GARP Risk Intelligence: The Volcker Rule: More Work to be Done 10/26/2015 Tabb FORUM: Volcker Inventory: Too Complicated, or Just Unfamiliar? 10/09/2015 Tabb FORUM: Improved Risk Management, or Room to Circumvent Controls? 10/03/2015 Financial Times Interview: Old engine of Wall Street is sputtering 09/29/2015 Tabb FORUM: Volcker Postmortem or Has the Fight Just Begun? 09/15/2015 Treasury Today Interview: Big Data and enhanced analytics 08/27/2015 GARP Risk Intelligence: Legitimate Liquidity Concerns or Irrational Market Fears? 07/16/2015 FTF Interview: Firms Ready but Wary as Volcker Rule Becomes Reality 07/16/2015 Tabb FORUM: Volcker Rule: Dihydrogen Monoxide Ban?! 05/20/2015 Lafferty – Banking Intelligence interview: Kevlin To's VR Machine takes aim at rogue traders 05/08/2015 Featured Story on Global Association of Risk Professionals (GARP): Financial Stability Begins In-House 04/28/2015 Tabb FORUM: Prioritizing Risk and Compliance Projects Amid Uncertain Regulatory Requirements 04/22/2015 Whitepaper on CFP Risk Insights: Success Takes Off In The Convoluted Regulatory Environment 04/12/2015 Canadian Wealth Advisors Network Interview: Volcker Rule Provides Some Reprieve to Canadian Banks 04/10/2015 FTF Interview: Vendors Start to Apply Big Data Techniques to Ops 04/08/2015 Tabb FORUM: BCBS 239: Risk Reporting Outpaces Data Aggregation 03/30/2015 Tabb FORUM: The War Within Volcker: 10 Tips to Inspire Victory 03/27/2015 American Banker interview: Volcker, Inc.: How One Rule Became a Cottage Industry 03/05/2015 FTF nomination - VR Machine: Best Regulatory Compliance Solution, Kelvin To: FinTech Person of the Year 03/03/2015 Product launch: VR Machine (Patent Pending) - Bobsguide / Tabb FORUM 02/20/2015 FTF: Relieve the Volcker Rule Burden 02/14/2015 Tabb FORUM: Volcker’s intent is hacked and leaked 01/29/2015 Tabb FORUM: Learning to See Big Data 01/15/2015 Quant Forum: 3 Methods to Improve Big Data Privacy and Security 01/09/2015 FTF Interview: Using Big Data to Tackle the Volcker Rule 01/08/2015 Tabb FORUM: Big Data Inspiration: Join the Rebellion 12/25/2014 Newsletter: Best Wishes for 2015 12/03/2014 FTF: Data Boiler taps Goldman Sachs for CTO 04/07/2014 Treasury Today Roundtable Discussion: Thinking Big 03/10/2014 Waterstechnology Open Platform: In Big Data, What Works for B2C Markets Won’t Bring the Same Benefits in B2B 02/06/2014 Tabb FORUM: B2C and B2B Have Very Different Big Data Stories. Be True to Yourself 01/30/2014 Dialogue interview: Boiling down financial data 01/28/2014 The Trade: From big data to big liquidity 01/13/2014 Whitepaper: Big Data Truths & Myths in the B2B Financial Industry; Newsletter 09/23/2013 Inside Market Data: Startup Data Boiler Assembles Team Begins Big Data Consultations 08/25/2013 Business launch with Big Pictures giveaway for B2B financial industry

MANAGEMENT

Kelvin To

Founder and President Kelvin brings over 30 years of big data experience to FinTech innovations. His patented invention has earned him a nomination for the FinTech Person of the Year Award in 2015. In his prior career, he was VP at Broadridge, Functional Head at Citigroup, and Examiner at the Institute of Bankers. His proven successes include formulation of a 500+% growth model, products and e-banking platform development, and leading M&A research. He has spoken at various professional organizations. A current member of the European Commmission’s Data Expert Group and former Tech Advisory Council committee for the Banking Policy Institute/ BITS. He holds an MSc degree in Banking from City University, a Master of Management from Macquarie, and a BSc degree from Bentley University.

Peter Martyn

Managing Partner Peter is known by the Stock Exchange and Trading space for his track record of success and deep industry knowledge. He was a Managing Director/VP at NASDAQ, VP at NSX, and Chief Technology Officer at Quadriserv (an equity finance solution provider). During his 18 years of service at NASDAQ, he was responsible for multiple exchange trading systems, access services and market data products. At NSX, he was responsible for Market Operations, FIX Support, product development and the FINRA/NSX Trade Reporting Facility. He has multiple patents, a Bachelor of Science Degree in Computer Information Systems from Manhattan College, as well as substantial consulting experience in recent years and prior.