Free Site Registration

Will SEC Move on Market Data? Agency Hints That New Pricing Model Is on the Way

Traders Magazine, November 2002

Gregory Bresiger

Harvey Pitt, still the chairman of the Securities and Exchange Commission, has raised questions about fees for market data. At the SEC hearing in New York on market structure, an NYSE specialist told Pitt that fees -17 percent of the Big Board's revenue stream - have been unchanged for some 70 years. But Pitt wondered if that was a reasonable pricing method. He said one way of approaching the problem is to determine production costs and then add in a reasonable rate of return.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?

Advertisement

Advertisement