Commentary

Ronald Jordan
Traders Magazine Online News

Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

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February 2, 2006

Section 31 Fees Cut

By Gregory Bresiger

Section 31 fees-which a few years ago roiled the trading world and led to the furious lobbying of Congress by the securities industry-have been reduced again. On exchanges and over-the-counter markets, the imposts were cut last month from $41.80 per one million dollars to $30.70 per million.

"It no longer seems to be a big issue. I hear few complaints these days about Section 31," said John Giesea, president of the Security Traders Association.

The fees, which are used to fund the costs of regulation, were once a profit center for the federal government. Now the revenue generated by the fees is closer to the actual costs of regulation, trading industry lobbyists say.