Court says exchanges are free to set prices for market info

04/30/2013 | Bloomberg · Reuters · Hill, The

A U.S. appeals court ruled that exchanges, such as Nasdaq OMX Group and NYSE Euronext, can charge whatever they see fit for their proprietary market information. Industry groups had asked the court to intercede because they felt the prices the exchanges had set were too high. Ira Hammerman, SIFMA's general counsel, said the group is interested in launching a dialogue about market information between market participants, the exchanges and regulators. Learn more at SIFMA's new Market Data Resource Center.

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Bloomberg · Reuters · Hill, The

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