Update: LSE Bows Direct Reporting, App License

The London Stock Exchange announced today that UBS is the first firm to go live with its direct reporting and billing initiative, which it recently opened to all market data user firms to help them save costs by "netting" user accesses, and has also detailed plans to introduce new fees next year for data consumers using its real-time data within non-display applications.

The direct billing and reporting service allows firms to employ multi-vendor netting to pay a single fee per user viewing its