NYSE Data Monopoly

InyOutty · Jan 9, 2003

TraderBulletin.com had a story today about how the NYSE is preventing traders from viewing OpenBook quotes in a level II window along with ECN, regional, and NASD quotes. To me this is ridiculous. If we pay good money for NYSE data we should be able to view it any way we want. This is a flagrant monopolistic tactic by the NYSE, IMO, who is probably scared that its slow OpenBook updates will look bad along side its competitors quotes.

Anyways, does anyone have a specific link for a place where we can submit complaints to about this? And does anyone think the SEC would even care?

jmathers34 · Jan 9, 2003

Quote from InyOutty:

TraderBulletin.com had a story today about how the NYSE is preventing traders from viewing OpenBook quotes in a level II window along with ECN, regional, and NASD quotes. To me this is ridiculous. If we pay good money for NYSE data we should be able to view it any way we want. This is a flagrant monopolistic tactic by the NYSE, IMO, who is probably scared that its slow OpenBook updates will look bad along side its competitors quotes.

Anyways, does anyone have a specific link for a place where we can submit complaints to about this? And does anyone think the SEC would even care?

I agree it is ridiculous. Why do they even bother to have Openbook if they dont want you to see it and they dont update in real time? What a scam.

Tea · Jan 9, 2003

Send a paper letter to the SEC and copy your Congressman.

If you care enough about the issue, then you will take the time to write the letter.

InyOutty · Jan 11, 2003

Quote from Tea:

Send a paper letter to the SEC and copy your Congressman.

If you care enough about the issue, then you will take the time to write the letter.

Letter in progress... David versus Goliath but what the hell.

nitro · Jan 11, 2003

Quote from InyOutty:

TraderBulletin.com had a story today about how the NYSE is preventing traders from viewing OpenBook quotes in a level II window along with ECN, regional, and NASD quotes. To me this is ridiculous. If we pay good money for NYSE data we should be able to view it any way we want. This is a flagrant monopolistic tactic by the NYSE, IMO, who is probably scared that its slow OpenBook updates will look bad along side its competitors quotes.

Anyways, does anyone have a specific link for a place where we can submit complaints to about this? And does anyone think the SEC would even care?

Do you have the whole link to the article please?

nitro

felichka · Jan 11, 2003

http://www.sec.gov/rules/sro/nyse200142/callcott1.htm

nitro · Jan 11, 2003

Quote from felichka:

http://www.sec.gov/rules/sro/nyse200142/callcott1.htm

Thx!

nitro

chasinfla · Jan 11, 2003

sometimes I think the NYSE will die before it changes, because they are so self righteous -- not practical enough.