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Article: Open' Season: Concerns remain as NYSE's data service gets OK.(U.S. Securities and Exchange Commission grants New York Stock Exchange Inc. service)(Brief Article)
- Article from:
- Securities Industry News
- Article date:
- December 17, 2001
CopyrightCOPYRIGHT 2001 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The New York Stock Exchange received approval this month from the Securities and Exchange Commission to charge the fees for NYSE OpenBook that it sought, and now plans to launch the market data offering next month. But at the same time, the SEC order also said NYSE restrictions on redissemination of the data are "on their face discriminatory."
Both Charles Schwab, which filed a comment letter on the NYSE's fee proposal, and Bloomberg, which filed a comment letter ast friday, take issue with the NYSE's redistribution policies.
NYSE OpenBook is a market data service that will provide aggregate limit-order volume information for all bids and offers in all ...