Portuguese Investor Group Seeks EC Ruling with Anti-Market Data Fee Petition

Industry association ATM Associacao de Investidores hopes the petition will prompt the EC to regulate exchange data fees.

paulo-pinto

The petition, which was filed on Jan. 6, calls for an end to “a story of unfairness” and “a history of immoral fees.” According to ATM Associacao de Investidores, stock exchanges operate as monopolies and should be forced by regulators to derive revenues from transaction fees rather than from selling market data feeds. In addition, exchanges are acting “immorally” by charging higher fees for faster access to data.

“Stock exchanges still dominate the highly fragmented matching price market, and h

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