UTP Committee Makes Final Reporting Push for Non-Display Usage Fee

Some data subscribers have failed to respond to UTP's non-display requirements, despite hefty fees.

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Last year, the UTP Committee announced that it would introduce new fees of $3,500 per month for non-display use of real-time Level 1 data for three categories of usage—first, in electronic trading systems such as exchanges, alternative trading systems, broker crossing networks, dark pools, multilateral trading facilities, and systematic internalization systems; second, for internal use when a datafeed recipient uses data for non-display purposes, such as price referencing for algorithmic trading

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