UTP Participants Prep Admin Fee Changes

US equity exchanges participating in the Nasdaq/UTP (Unlisted Trading Privilege) consolidated tape plan have filed proposals with the Securities and Exchange Commission to charge monthly access fees of $1,500 and $500 for direct and indirect access, respectively, for UTP Level 1 data, replacing annual administrative fees ranging from $500 to $3,750, depending on the number of users. A $250 administration fee for delayed data will remain in effect.

In its filing, the UTP Operating Committee says

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