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From: gaj	11/14/2006 6:59:32 AM
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the big boys don't like the nyse's/ naz's bogus "we're charging for island/arca data"... washingtonpost.com The coalition in particular is looking for the SEC to reverse a staff decision allowing the New York Stock Exchange to increase the fees for displaying information from its Archipelago electronic market, some of which had been free. In authorizing the new charges last month, the commission ruled they were legitimate because they were not out of line with those already imposed by the Nasdaq for similar data. (snip) "The fees are being proposed without any justification for how these exchanges are arriving at their fees," Erickson said. Moreover, he added, "We don't think they own the information." He said the data was created by buyers and sellers acting in the market, while the exchanges simply aggregate the information. (EOM) hallelujah.

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