Proposals in recent months on opposite sides of the Atlantic
make it clear that the securities industry is focusing more
intently on the cost of market data and is strongly signaling a
desire to rein it in.
In September, nine investment banks announced the formation of a
consortium to create a trade reporting and market data
dissemination platform that would compete with the London Stock
Exchange (LSE). The following month, NYSE Group said it had begun
negotiating with the National Association of Securities Dealers to
create a trade reporting facility for off-exchange trades in all
U.S.-listed stocks. |
