*Letters

Proposed Fees for Nasdaq Market Pathfinders Service

Published on:
August 7, 2008

SIFMA provides comments to the Securities and Exchange Commission (SEC) on a proposed rule change by The NASDAQ Stock Market LLC to establish fees for Nasdaq Market Pathfinders Service, File No. SR-NASDAQ-2008-0016, SEC Release No. 34-57917.  SIFMA argues that the proposal would be overturned in a Court of Appeals due to the arbitrariness caused by the lack of a cost justification for the levels of fees. SIFMA is also concerned about the legality of making commercial use out of data supplied to Nasdaq as a regulatory body. Finally, SIFMA is concerned that this information would provide a means to reverse engineer algorithms that industry professionals have created for proprietary trading.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.