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There could be good news coming for one side of a war tearing Wall Street apart (NDAQ)





new york stock exchange traders

  • Trading firms have long complained about the mounting cost of data charged by US exchanges like the New York Stock Exchange and Nasdaq.
  • The Securities and Exchange Commission’s appointment of Brett Redfearn, a trading veteran and critic of the way exchanges sell data, may signal change is on the way.

Wall Street has been embroiled in a civil war between traders and exchanges over the rising cost of market data, and a recent hire by the Securities and Exchange Commission is being viewed as a win by one side of the war.

The SEC on Wednesday announced Brett Redfearn, read more >>>

Source:: BusinessInsider.Com

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