SIFMA Submits Comments to NYSE Euronext on Trade Data (with Lofchie Comment)

SIFMA has submitted comments to the NYSE Euronext on various Global Data Agreements ("Agreements") and related documents. SIFMA requested that the exchange not finalize the Agreements until after SIFMA has met with senior officers of the exchange and agreed on resolutions of various concerns. SIFMA also asserted that the Agreements raise substantial issues at the heart of "the exchange's relationship with member firms and the exchange's role as a self-regulatory organization (SRO) and exclusive processor of market data that must be distributed on fair and reasonable terms and in the public interest."

Lofchie Comment: It's all about who gets to profit from market data. See Topically Related News Story: Battle over Swaps Trade Reporting (with Lofchie Comment).

Click hereto view letter in full (links externally to SIFMA website).