A bill to reduce SEC trading fees passed by the Senate

Discussion in 'Trading' started by Fohat, Dec 20, 2001.

  1. Fohat


  2. Now how about a bill to stop the exchanges from charging fees for real-time data. I think it is an abuse of monopoly power.

    A think that really burns my butt is that US traders get Canadian real-time data much cheaper than Canadians do. What a rip-off.
  3. The article acknowledges what we all know, SEC fees rape us. The article states the SEC fees are 6 times more than what they were set up for. That tells me that the fees should be cut by 5/6s, but that wont happen. Hopefully they will be cut by 2/3s or atleast a half. Does anyone know the new fee formula? Currently, SEC fees add about .50 cents/1000 shares to my daily costs.