Traders Magazine Online News, May 4, 2018 John D'Antona Jr. inShare No additional fees for you! Akin the infamous Soup Nazi and his resounding “No soup for you” statement from the television show Seinfeld, the U.S. Securities and Exchange Commission’s recent statement rejecting U.S. exchange operators’ request to charge more for certain data feeds was similar. According to Doug Clark, Head of Market Structure for the Americas at ITG, wrote in a note that the SEC’s “unusual step” this week of rejecting a request rejecting a request by U.S. exchanges to raise the cap on market data fees they charge to brokers stood out. He noted the exchange-run committee which oversees the main market data feed, the Securities Industry Processor (SIP) had argued that broker consolidation results in firm-wide market data fee caps that are too small relative to the size of some firms. “The move is seen by many brokers and electronic market makers as an indication that the SEC is focused on reining in the data fees that exchanges collect from their customers,” Clark wrote. For more information on related topics, visit the following channels: