FISD to Compare 'Trading' Data Fees
The issue was raised with FISD by firms that in the past maintained traders on exchange floors, where market data was freely available, but now trade remotely and argue that they should receive data at no cost because of the business they direct to the exchanges, says Nick Merritt, FISD program director and staff contact for BIPPS. He says that the issue of fee liability for data used in trading has "morphed over time" as fewer exchanges maintain open-outcry floors and more firms access
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