After writing about market data for more than 20 years, I wasn’t surprised. New York-based exchange operator IEX Group’s recent decision to begin charging fees for its market data had all the inevitability of a Bond villain gloatingly revealing his entire plan before 007 escapes and foils the scheme.
“Ah, data fees,” I said, stroking the imaginary white cat sitting in my lap. “I’ve been expecting you.”
It’s not surprising for an exchange to assess fees for its data. What was surprising was
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