Vendor Group Defies London Metal Exchange On Data Fee Plan; Resolution Said To Be Near On Per-Terminal Charge
THIS MONTH'S LEAD STORIES
A group of quote vendors and the London Metal Exchange are said to be near agreement in a dispute over fees to be charged for the new LME ticker (MTR, February 1988). The exchange, sources say, is ready to scuttle its original plan to charge a hefty flat rate for access to the data feed and to substitute a more conventional per-terminal charge.
The argument began after the LME advised that vendors would have to pay a fixed annual fee of 50,000 pounds sterling in order to distribute the data feed
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