FINRA Proposes Fee for Academic Corporate Bond TRACE Data Product
Commentary by Steven Lofchie
FINRA proposed amending FINRA Rule 7730 to establish a data fee of $500 per calendar year (with a single set-up fee of $500) for the new Academic Corporate Bond TRACE Data Product. The new TRACE product provides data on historic transactions in corporate bonds to institutions of higher education. The effective date for the new fee will be the same as the effective date of the Academic Corporate Bond TRACE Data product.
Commentary
Despite rumors to the contrary, information does not want to be free.