03 Apr 2019 European investors complain over soaring cost of data

Funds say exchanges are jacking up fees to offset weaker revenues from trading

European stock exchanges are locked in battle against some of their biggest customers, trying to fend off accusations that they are overcharging for the basic ingredient to every trade: market data.

In recent months disenchanted brokers, fund managers and electronic market makers have become more vocal in their displeasure over the rising costs to receive core information, such as the prices offered and paid for a particular stock, and the sizes and volumes of trades.

Such information is vital: without it, market participants cannot meet regulatory requirements such as getting the best price on trades, reporting transactions and valuing assets.

Read the full story here:  https://www.ft.com/content/d8c2743e-549f-11e9-91f9-b6515a54c5b1