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Delrahim Sets Eyes On Wall Street Data Pricing

By  |  September 29, 2020

The head of the US Justice Department’s antitrust division, Makan Delrahim, is paying close attention to the data that securities exchanges sell to banks and investment companies, Bloomberg News reported on Tuesday, September 29.

Market participants have long complained that the prices they pay to acquire the data are too steep, the report stated.

One area of potential concern is whether the exchanges are using market power to hurt competition, for example, by forcing investors to buy other products or services in addition to the data feeds, Delrahim told the news outlet in an interview.

He is also considering revamping the United States’ view on bank mergers, according to the report.

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