Delayed-Quote Vendors Protest CTA's Proposed Contract

THIS WEEK'S LEAD STORIES

Market data vendors are up in arms over a new standard contract the Consolidated Tape Association has proposed. The CTA submitted its proposed vendor contract to the Securities and Exchange Commission in October.

Vendors are worried that the CTA may be planning to increase charges for delayed stock prices. If hikes occur, those hardest hit will be vendors that distribute delayed prices to individual investors, including Charles Schwab & Co., Fidelity Investments Co. and Dow Jones & Co.

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