Thomson Reuters
- Traders have long griped about the cost of accessing exchanges’ proprietary data, but they’re overlooking key facts says Ed Knight, Nasdaq’s General Counsel.
- In this op-ed, Knight says exchange innovation has actually democratized data and costs have only increased for traders because they have more options and products to use.
We operate in a world that relies on myriad technological innovations fueled by instantaneous access to a world of data. We rely on modern technology to manage the global airways and complex life-and-death medical procedures; markets should benefit from the same technological advances borne of competition and innovation. We expect competitors to outdo each other and for new entrants to disrupt entire industries. That is certainly what’s happened on Wall Street, to the great benefit of the investing public.
Not everyone is happy. See the rest of the story at Business Insider
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