Bridge is the leading market data vendor in the United States.
We welcome the concept release because we believe that this is an appropriate time to impose additional regulation on the fees charged by self-regulatory organizations for market information. The number of professional money managers, retail investors and potential investors seeking to access market information services is growing very rapidly. Increased market volatility has made it increasingly essential that information be accessible on a real-time basis, rather than delayed or published only at the end of each day. The consolidated tape and quote systems mandated by the securities laws create monopoly suppliers of this information. The result is an accelerating growth in revenue to the self-regulatory organizations from this asset.