BUSINESS BLOGS
BUSINESS BLOGS
category: business
13 Nov 2006

Google Inc., Yahoo Inc. and other Internet companies are asking the Securities and Exchange Commission to review fees that U.S. stock exchanges charge for market data, challenging a major source of income at the exchanges.

NetCoalition.com, a Washington-based trade group whose members include Yahoo, IAC/Interactive Corp. and CNET Networks Inc., will petition the SEC Tuesday to halt recent fee increases that the New York Stock Exchange imposed for displaying trading data from its Archipelago electronic market, said Markham Erickson, NetCoalition.com’’s executive director.

“The exchanges are increasingly seeking to restructure fee arrangements with the most popular Web sites and Internet companies in order to maximize the exchanges” profits at the expense of average consumers and investors,” Erickson wrote SEC Chairman Christopher Cox in a Nov. 6 letter.

NetCoalition.com believes the exchanges may seek to charge by the number of viewers of stock quotes on currently free Web pages, Erickson said in a phone interview.

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