Proposed Change to Introduce a NYSE OpenBook Nonprofessional Subscriber Fee
Published on:
February 2, 2009
Issue:
Committee:
SIFMA provides comments to the Securities and Exchange Commission (SEC) on a proposed change to introduce a NYSE OpenBook nonprofessional subscriber fee and to revise the unit of count that determines the device fees payable by data recipients, SR-NYSE-2008-131; Release No. 34-59198. SIFMA fundamentally objects to the application of the NYSE ArcaBook Approval Order’s “fair and reasonable” test to OpenBook Ultra fees – both professional and nonprofessional.