The Market Data Subcommittee of the Technology and Regulation Committee of the Securities Industry Association (SIA)* provides comments to the Securities and Exchange Commission (SEC) on NYSE Arca filings, File Nos. SR-NYSEArca-2006-21 and SR-NYSEArca-2006-23.  SIA shares its observations and recommendations on the proposals, particularly relating to fairness and reasonable fees, the group’s proposed revenue stream and competitive analysis, and broader policy issues.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.