SIFMA wants SEC to study market-data fees

The Securities Industry and Financial Markets Association has asked the SEC to impose a moratorium on rulings related to market-data fees. SIFMA wants the agency to conduct a regulatory and financial analysis to determine whether proposed fees are fair to firms, vendors and investors. "The SEC cannot simply ignore the conflicts of interest inherent in today's for-profit exchanges," Marc Lackritz, co-chief executive of SIFMA, said in a written statement. "The exchanges' unique regulatory status allows them to profit from their market data without the threat of competition, but this conflicts with their congressional mandate to promote transparency."

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