LONDON - Stock exchanges in Europe are not harming markets or gouging customers with the fees they charge for data, an industry-commissioned report said on Thursday.
Investment firms have called on the EU’s markets watchdog ESMA to review market data fees charged by exchanges, saying they keep on rising despite falling costs of computing and data storage. They have to buy data to help show regulators that they are obtaining the best share prices on behalf of investors in a region where many platforms trade the same stocks.
Of course, on what info basis would people trade otherwise, work in the IT support of a trading room and switch off the data feeds for half a day and you'll see blind traders rioting!
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