Prop Traders Slam CME Over New Data Fees
Prop traders have railed against the CME’s plan to introduce market data fees, arguing the exchange’s tariffs could see firms stop using the Merc or quit trading altogether, writes Luke Jeffs. Read more.
Exchange Data Compliance takes new relevance with recent $3.5 million fine.
Your firm’s access to trading is at risk if you misreport data usage. In a November 15, 2013 case (Release No. 70893), the SEC dismissed the Appellant’s application for the reversal of the New York Stock Exchange’s decision to cut off their market data access and consequently their ability to trade.