HFSC Markup of Various Capital Formation Bills
SIFMA provided comments to the U.S. House of Representatives Committee on Financial Services on the Markup of Various Capital Formation…
The Market Data Subcommittee of the Technology and Regulation Committee of the Securities Industry Association (SIA)* provide comments to the Securities and Exchange Commission (SEC) on a market data rule filing, File No. SR-NASDAQ-2006-013. SIA applauds the approach NASDAQ is taking to aggregate its various data feeds, data products, and data fee schedules into a single platform. But SIA remains concerned because the information that was previously free is being packaged into a “product” for sale; and the exchanges fail to provide any data to support the fees are “an equitable allocation of overall costs” and are “fair and reasonable.”
*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.