LSE Extends Data Provision For Retail Investors
Thursday, July 22, 2010
The London Stock Exchange has announced a volume discount pricing scheme for
real time data delivered to the retail investor community.
The exchange said that the initiative reaffirms its ongoing commitment to increase
the availability of order book data to all types of investor.
Licensed distributors of the Exchange’s real time data will now pay from
GBP0.20 to GBP4.00 per month per retail investor, depending on the number of
investors subscribing to Level 1 data.
Jarod Hillman, Head of Real Time Data at London Stock Exchange Group, said:
”We are committed to the cost effective provision of real time Level 1
content. There is growing private investor appetite for direct access to trading
services, as individuals seek to have greater control over their portfolios.
We are keen to ensure end users have the easiest and most cost effective access
to high-quality real time data to inform their key trading decisions. This volume
discount initiative reinforces that commitment.”
Level 1 data provides comprehensive information on both pre and post trading
activity in all Main Market and AIM (Alternative Investment Market) quoted securities
in real time.
Ahead of the new pricing model launch on November 1, 2010, the LSE will operate
an optional 2 month trial to encourage licensed distributors to promote the
benefits of real time data to their users.
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