Exchanges Look to Market Data for New Revenue
2001 YEAR IN REVIEW
In the face of shrinking profit margins, many exchanges have turned to market data for new revenue. Not surprisingly, some exchanges simply raised their market data fees. But many found new ways to package and sell their data.
In March, the Chicago Mercantile Exchange increased its data fees for professionals by approximately 16 percent (IMD, March 5). Glen Madeja, director of market data services, said the increases were part of a broader pricing strategy review. The CME became the first US
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