SIX Swiss Exchange Policy Sparks Pricing Debate

The SIX Swiss Exchange has begun consulting with regulators and market participants to assess its proposed introduction of a new data license fee specifically targeted at multilateral trading facilities-but has delayed the introduction of this new policy until that consultation period is complete.

The new fee is aimed at MTFs that use the exchange's real-time data to support functions such as dark order book matching. Until now, operators of dark book trading services have used real-time data

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