PRESS COVERAGE
02 Apr 2025
European Stock Exchanges’ Over-Reliance On Equity Market Data Revenues: Stifling Growth And Innovation – Rising Data Fees To Offset Declining Trading Revenue Burden Market Participants With Surging Costs

Research by Market Structure Partners (MSP) reveals that European stock exchanges are increasingly turning to market data sales to compensate for adverse market conditions that should have resulted in a downturn in equity market revenues such as declining equity trading volumes, shrinking market share, and a diminishing customer base. This shift has dramatically driven up the cost of equity market data, which is essential for issuers, investors, and market intermediaries to conduct their daily business.