*Letters

SIA Submits Comments to the SEC on Enterprise License Fee For TotalView

Published on:
July 18, 2005

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 a proposal by Nasdaq to establish an enterprise license fee for TotalView. The new proposed fee would be $25,000 per month for an unlimited number of non-professional subscribers, or $100,000 per month for unlimited non-professional and professional subscribers whether they are employees using internal applications and work stations or customers seeking to access data directly online. SIA voices concern over the negative effects on competition and transparency that would result from the pricing structure.

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

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