NYSE Standardizes Unit of Count

Ron Jordan, executive vice president of market data services at the exchange, says the move stems from the introduction of fees for NYSE's OpenBook Ultra product, which reclassifies subscribers and vendors to more accurately reflect end-users and broker-dealers that distribute data to clients, to make the data more affordable by individual users, and to reduce the administrative burden on vendors and firms to count usage and bill for data.

"Since 1975, the way most of the world has counted and pa

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