NYSE Euronext Preps EU Data Policy

The new policy will introduce a "per-user" unit of count as part of its Trading Members Agreement (TMA) data policy, which the exchange hopes will simplify usage reporting and cut administration costs for member firms.

But while the Euronext data license agreement has recognized the concept of data-consuming "devices" since 2004, industry sources say that, in practice, member trading firms have always reported and paid for data on a per-user basis, which has been backed up by exchange audits perf