Good news to all that have signed the petition.
The European Commission considered the petition and decided the issues raised are admissible to conduct a preliminary investigation. For more details, click here to see the EU letter.
Let's bring an end to unfairness.
Thank you for your support
Sweeping ASX Fee Rises Anger Consumers
In a notification sent to end users and vendors in April, the exchange informed customers that it will introduce a price change for ASX and Sydney Futures Exchange Level 1 and Level 2 data on July 1. Global access for ASX 24 data from ASX’s Trade24 proprietary derivatives trading platform will increase by seven percent from A$70 to A$75 per subscriber per month for a continuous real-time feed for..
Over the past 15 years the global financial market has fragmented. Where there were once one exchange, there are now more than 10 and alternative trading systems
Still, price information is not considered by investors, when putting orders using delayed data. With more competition in venues, price formation is now more inefficient with increased discrepancy.
As a result investors trade at less advantageous prices because of lack of information and cost of feeds
Have your friends Sign the petition
Why we are launching this campaign? To force exchanges to make money on transaction fees and not on exchange feeds. To change the immoral situation of unfair access to exchanges.
Zero fee cost for real time prices, because they are not real time when they reach you. Equal access to all participants.
The regulators and law makers need to step up and put a stop to this monopoly.
The facts are plain to see.
So if you too believe it should be illegal to profit by charging fees to have access to price in order to trade because Exchanges are monopolies. Here’s to changing the law.
Would it be fair at a restaurant to pay to have the menu and then pay for your food?
Would you pay to have access to a casino knowing that other players might have paid more to see your hand?
Clearly not, so let’s end this story of unfairness.
For more information visit:
Let's make democratization of Market Data a reality. Your suport can make a difference.
To quote Mandela ''it always seems impossible until it's done''
A Market where investors can be on an equal playing field.
To use law as a tool to enforce common sense.
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