Stock Exchanges Get Warning Shot From SEC Over Data Profits
- Regulator took unusual step of blocking request to raise fees
- SEC’s chairman has signaled he’s scrutinizing this area
This article is for subscribers only.
U.S. regulators blocked stock exchanges’ request to raise some fees for market data, an unusual step suggesting closer scrutiny of an increasingly important slice of their businesses.
The fees that firms including NYSE Group Inc., Nasdaq Inc. and Cboe Global Markets Inc. wanted to boost are relatively obscure.