Banks Stall on Exchanges' App Data Fees

Deutsche Börse tried to implement charges for non-display data last year, though clients rejected per-application charges as impractical. And while both Deutsche Börse and the SWX Swiss Exchange have now capped the overall cost to firms, both are adopting new non-display fees, which are still highly unpopular.

More than 100 firms have now signed the new Deutsche Börse policy, says Georg Gross, head of front-office data and analytics at the exchange, which has 463 data customers, according to