SIP revenues totaled $99.3 million in the first quarter of 2020, an increase of 2.3% from the first quarter of 2019.

Burton-Taylor is proud to introduce the Quarterly Review of SIP Revenue for U.S. Securities Exchanges Q120 report analyzing the SIP revenue sharing program for U.S. equity exchanges and transaction reporting facilities (TRFs).  The report analyzes yearly quote and trade revenue and messaging data for Tape A, Tape B and Tape C equity securities.  The report also provides historical annual revenue and messaging totals for the 2012 to 2019 and Q119 and Q120 period, as well as an analysis of each exchange holding company’s activity over the same time period.