SEC Signs Off On Market Data Fee Proposal

Law360, New York (December 4, 2008, 12:00 AM EST) -- Electronic stock exchange NYSE Arca Inc. has won approval from the U.S. Securities and Exchange Commission to implement a controversial set of market data fees proposed by the NYSE Euronext-owned exchange.

In a 114-page order issued by the SEC Tuesday, the agency approved a rule change allowing the exchange to establish fees for the so-called noncore market data it compiles.

SEC rules require that “core” data, which involves the best-priced quotations and last-sale information of all markets in U.S.-listed equities, be distributed to the public freely....
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