IIA's FISD Recommends Alignment Of Changes To Exchange Fee Schedules

PRICING & FEES

NEW YORK: The Financial Information Services Division (FISD) of the US Information Industry Association (IIA) has approved a recommendation to align changes to exchanges' fee schedules onto a quarterly cycle.

The statement, aimed both at FISD member and nonmember organisations, encourages exchanges to introduce fee changes and new fees with effect from the first day of the calendar quarter (January 1, April 1, July 1, October 1). It also suggests that exchanges give 120 days' prior notice of