NYSE Arca Fee Debate Continues

Although the SEC has approved the NYSE Arca fees on the basis that the exchange is subject to significant competition for order flow, several constituent groups have now expressed their opposition to the ruling-including the Securities Industry and Financial Markets Association and NetCoalition, a Washington-based group that lobbies to promote the freedom of the Internet (IMD, July 21).

Adding to this list of critics, The National Stock Exchange and Securities Traders Association both pitched in

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‘Feature, not a bug’: Bloomberg makes the case for Figi

Bloomberg created the Figi identifier, but ceded all its rights to the Object Management Group 10 years ago. Here, Bloomberg’s Richard Robinson and Steve Meizanis write to dispel what they believe to be misconceptions about Figi and the FDTA.

Where have all the exchange platform providers gone?

The IMD Wrap: Running an exchange is a profitable business. The margins on market data sales alone can be staggering. And since every exchange needs a reliable and efficient exchange technology stack, Max asks why more vendors aren’t diving into this space.

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