Wall Street Giants Urge SEC To Take On Exchange Fees

Law360, New York (December 7, 2017, 5:29 PM EST) -- Wall Street’s battle against the fees that stock exchange operators charge for market data took a new turn on Thursday when some of the biggest firms asked the U.S. Securities and Exchange Commission to take a hard look at the issue and pass new disclosure rules that would force the exchanges to tell traders more about what they’re collecting and why.

In a petition for rulemaking, firms including Citadel Securities, Susquehanna International Group LLC and Virtu Financial Inc. asked the SEC to revive a 2004 proposal...
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