Following the SEC decision regarding market data fees relating to NYSE Arca book, as published on October 16, the NYSE has put forward its official statement on the matter:
This decision represents a troubling shift by the SEC from its core mission of ensuring the long-term health of our financial markets to an agenda of regulatory overreach, prioritizing the interests of powerful Wall Street interests over those of retail investors and listed companies. We believe the Commission’s decision will not withstand our challenge.
Based on our initial analysis of the SEC’s decision, we do not believe there will be any immediate change to the products that we deliver to customers or their associated fees.
