Following the SEC decision regarding market data fees relating to NYSE Arca book, as published on October 16, the NYSE has put forward its official statement on the matter:
This decision represents a troubling shift by the SEC from its core mission of ensuring the long-term health of our financial markets to an agenda of regulatory overreach, prioritizing the interests of powerful Wall Street interests over those of retail investors and listed companies. We believe the Commission’s decision will not withstand our challenge.
Based on our initial analysis of the SEC’s decision, we do not believe there will be any immediate change to the products that we deliver to customers or their associated fees.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Renewal increases across major index, ratings and terminals providers averaged 15% in 2024.
-
CEO David Taylor discusses the advantages and the differentiation of the market data solution.
-
With regard to market data reform, the SEC may have bitten off more than it can chew.
-
Vela's SuperFeed market data service complements IPC's Connexus Cloud offering, execs say.
-
With all the moving parts in the exchange space, don't lose sight of the impact on end user investors.