Rising Costs of Stock Exchange Data Fees Affect Online Equity Trading
How Rising Costs of Stock Exchange Data Fees Affect Online Equity Trading
There is a lot of talk about the data access fees that the various stock exchanges are imposing upon brokers, traders and online equity trading firms, and for very good reason. All US Stock Exchanges, including the two largest in the world, the New York Stock Exchange (NYSE) and Nasdaq, provide market data through the Securities Information Processor (SIP), as is required by the Securities Exchange Act, for consolidation of displaying current pricing and securities activity. (more…)