FISD Weighs on Exchange Fees for 'Internal' Data Use
The group is seeking to clarify what "internal" uses of market data-from use for sales and marketing purposes to feeds for developing data-consuming applications and data services used in disaster recovery facilities-qualify to be exempted from standard market data fees from exchanges (IMD, March 7; Sept. 22).
According to the new recommendation, "no end-user fees should be payable to consumer firms' or third parties acting on their behalf, where the data is used for the purposes of technical
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