Deutsche Börse Readies Algo Data Fees
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Deutsche Börse will next year introduce a set of market data fees for use of data in non-display applications, as a result of the growth in algorithmic trading systems, officials say.
"The concept is that we charge a fee for any application, and we have a fee structure for two specific groups: for automated trading and new original works—applications that produce new derived information, like an index or analytics," says Georg Gross, head of front-office data and analytics at Deutsche Börse.
So
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