Investment banks complaining of rocketing costs for equity data have been offered support from antitrust officials at the European Commission, as the bloc’s securities-market watchdog studiously sits on the fence.
High fees and prices “persist” in the market for information about equity trades, commission staff said in an annual report published today.
The acknowledgment from the competition watchdog that data prices are too high will come as a comfort to those who complain stock markets have been abusing their quasi-monopoly to hike the fees to get access to real-time price and volume information.
Stock exchanges' data fees are too high, commission says as ESMA sits on sidelines
15 July 2019 9:08pm