With over 30 years of experience with market regulations and operating procedures, Tony Wyan is the acknowledged industry expert in global market-data integrity. Before forming Tony Wyan & Company, Tony served as Vice President of Market-Data Integrity at Merrill Lynch, where he acted as quality assurance advisor and testing coordinator to the data-vendor industry, advising executives at ADP, Bloomberg, Bridge, ILX, Reuters, and Telerate/Dow Jones, among others. Tony has authored numerous articles promulgating substantial-compliance standards for market-data display and reporting. His expertise continues to play a key role in shaping data integrity for the global financial industry.


Tony also develops and personally teaches a series of seminars on market data, which have been presented in the United States, Europe, and Latin America. Thousands of professionals from market-data providers, exchanges and financial institutions, such as Reuters, Bloomberg, ADP, and JP Morgan, have benefited from Tony’s vast knowledge and dynamic teaching style.

As co-chair of the Securities Industry Association/Financial Information Forum Y2K Market Data Test, Tony created the scripts used to certify the country’s equity market infrastructure, including the New York Stock Exchange, the American Stock Exchange, and NASDAQ. The tests ultimately resulted in the flawless transition to post-1999 operations for the financial markets.



On November 5th, 1998, Tony Wyan was honored with an appreciation dinner by ILX, Bridge, Reuters, Bloomberg and ADP for his contributions to quality assurance in the market-data vendor industry.


In 2005, the Financial Information Services Division of the Software & Information Industry Association (SIIA/FISD) established a Lifetime Achievement Award in order to recognize “the people that contributed to the major developments and accomplishments of the financial information industry over the past 20 years.” The FISD honored Tony Wyan with a nomination for the inauguration of the award, which is now given biennially at the World Financial Information Conference (WFIC).

Tony has held licenses in investing, real estate and insurance, and earned degrees in sociology and education from SUNY. He currently assists Jordan and Jordan and the Financial Information Forum on market-data matters.


An attorney with special interests in securities and intellectual-property law, Daniel Levine brings both a legal and technical background to market-data testing. A long publication history in magazines like PC World and PC Magazine documents his extensive experience and expertise with testing new hardware and software. Most recently, he performed market-data quality analysis for Merrill Lynch’s International Private Client Group, as well as longevity and stress testing of internal applications. Daniel also edited a book on virtual reality for McGraw Hill, and has appeared on TechTV.

Active in Financial Information Forum activities, Daniel helped write and implement the equities script for the SIA/FIF Y2K Market Data Test. He authored the FIF-distributed Decimalization Conversion Chart, as well as tables for the Extended Hours and Closing Price committee. Recently, he contributed to a paper on next-generation network services for the Center for Computational Science at the Naval Research Laboratory.