The deluge began on Jan. 1, when CME Group removed a fee waiver for legacy clients of its real-time market data, who previously received the data for free as an incentive to trade (IMD, Jan. 19). Then in February, the New York Stock Exchange discontinued its standalone Trades & Quotes (TAQ) historical data feed for its NYSE Arca market and bundled it into its Arca Integrated Feed, informing customers that they would have to pay $2,000 more for the privilege of accessing the data (IMD, Feb. 16).
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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