Court rules for NYSE, Nasdaq in data-pricing case

The New York Stock Exchange and the Nasdaq Stock Market will have greater latitude to increase revenue from the sale of market data, under a US appeals court ruling that dismissed a complaint brought by a group of Internet companies and a trade group for brokers.

The court said the Dodd-Frank law stripped it of jurisdiction in the case, forcing it to rule against the Internet companies, grouped together as the NetCoalition, and the Securities Industry and Financial Markets Association (SIFMA), a lobby for the banking, brokerage and asset management industry.

via Business feed http://www.scmp.com/business/companies/article/1227388/court-rules-nyse-nasdaq-data-pricing-case