NYSE, Asset Managers Call For Lowering ‘access’ Fees
According to prepared testimony reviewed by Reuters, The New York Stock Exchange and two prominent asset managers will call for reforms on Tuesday, to lower the cap on fees exchanges can charge brokers to enter the market. The call for lowering so-called “access fees” is just one of several reforms that Citadel CEO Kenneth Griffin, Intercontinental Exchange Chief Executive Jeffrey Sprecher, and Invesco global trading head Kevin Cronin will discuss before the U.S. Senate Banking Committee.
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