Exchanging Data For Revenues

Market data revenues at US exchanges continue their upward climb.

US exchanges are generating more revenue from market data then they ever have, thanks largely to the increase in trading activity and the ever-expanding audience for real-time prices. Stock exchanges were particularly blessed.

The venerable New York Stock Exchange (NYSE) reported data revenues of $125.4 million in 1999, up 12.4 percent compared to the year before. The fees accounted for 17 percent of

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