Interdealer Brokers And Vendors At Impasse Over Digital Feed Fees
THIS WEEK'S LEAD STORIES
Efforts to install digital information feeds from interdealer government securities brokers are being slowed by certification fees and qualification procedures imposed by the brokers.
Persistent reports that RMJ Securities Corp is asking systems integrators to pony up a $50,000 "certification fee" to handle their new record-based digital feed were confirmed by RMJ president Richard Jackson.
The fee is described by Jackson as a "good faith down payment" against "time and materials" expended by RMJ
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