Exchanges Eye $$$ From Market Data; Roll Out Initiatives

EXCHANGES

Exchanges increasingly see market data as a promising source of revenue. That much became clear last year, if it wasn't already. And number of innovative--and in some cases, controversial--policies were also introduced last year by exchanges including the Chicago Board of Trade and the Options Price Reporting Authority.

Last February, the Chicago Board of Trade named Daniel Rooney vice president, market data services--a newly created position, and the most senior-level market data post the

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