A committee of U.S. exchanges including NYSE Group Inc. and Nasdaq Inc. said the revenue earned from data feeds has decreased since 2007, even as traders and banks complain that they are paying too much for vital market information.
Data revenue from NYSE-listed stocks and other venues fell to below $175 million a year in 2017 from a 10-year peak of more than $200 million, according to a statement Thursday. For Nasdaq-listed stocks and others, revenue remained flat at around $120 million a year.