An Analysis of Market Data Fees


Expand, a Company of The Boston Consulting Group, and SIFMA published an analysis of market data fees, with firms’ market data costs anonymized and aggregated for staff of the U.S. Securities & Exchange Commission. To document how a range of SIFMA member firms have responded to market data product and fee changes over the last eight years, Expand compiled market data fee changes and corresponding expenses incurred by broker-dealers.

See also:

SIFMA Comment Letter to the SEC on the Roundtable on Market Data and Market Access (October 24, 2018)