@Itchymoku - Problem is that most will just wait and hope someone else does it for them. This is potentually the end of some peoples trading business if it blows out their costs and makes the barrier to entry so high that it will lock out any new algo traders who are not already profitable.
@Itchymoku - Something obviously needs to change as the rise of black box trading has put huge stresses on data. They are making an attempt to pass that cost to those putting pressure on the system but they are looking at the issue much to broadly. Thats why is so important that ALL traders, large and small should be making submissions if it in ANY way affects you. Let these people know the impact of the decision they are looking at making.
@ Itchymoku - Sure, that would be fair... But do you really expect Goldman and co to ever worry about fair? They are out for themselves. The problem is that this change just looks at a single measurerment - Non displayed data. It doesn't take into account who uses it that way or actually profits. Its a broard brush stroke that MAJORLY disadvantages small algo traders.
@Itchymoku - There is push back from major players. Currently open for submissions. Who knows which way it will go in the end. But from what I can gather, it never was and will not affect screen traders as they use displayed data to trade from anyway. If your a algo trader, there maybe some issues you should look into or it could come as a pretty major shock if its implemented. All algo traders should be making personal submissions now while its open.
@simon b - Pretty sure this wont affect screen traders as they are displayed data. Algo traders and the like use the data in a different way (non-display). Its aimed at Pro users of the data but currently looks like it will affect small algo traders and the like as well because of the way they use the data.