Wall Street Data Pricing Under Scrutiny by Trump Antitrust Chief
- Delrahim wades into controversy over data feeds from exchanges
- Antitrust division chief is also examining bank merger rules
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Wall Street banks that have long griped about the power of trading venues to charge high prices for data feeds may have a new ally: Donald Trump’s chief competition watchdog.
Makan Delrahim, who heads the Justice Department’s antitrust division, said in an interview that he’s paying close attention to the data that securities exchanges sell to banks and investment companies. Market participants have long complained that the prices they pay to acquire the data they depend on to trade are too steep.