FIA PTG submitted a letter to the SEC today in support of the Managed Funds Association (MFA) - Alternative Investment Management Association (AIMA) petition for rulemaking regarding market data fees and request for guidance on market data licensing practices; investor access to market data.
We echo the associations’ concern “that the way in which the current regulatory framework for proprietary exchange market data and consolidated market data is implemented fails to protect investors from unreasonable fees, unreasonably discriminatory pricing, and in some cases, fees that may be imposing an unnecessary and inappropriate burden on competition.” FIA PTG joins the associations in requesting that the Commission conduct more rigorous reviews of exchange rule filings concerning proprietary market data fees, including cost assessments.
