Companies facing £50,000 LSE data charge
Companies that make use of data from the London Stock Exchange in tax and computing software could be hit with a bill as high as £50,000 when new charges are introduced next year.
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From 26 January 2004 the LSE will charge licence fees to all end users of its Stock Exchange Daily Official List identifiers (SEDOL).
The seven-digit numbers are used in software packages as means of identifying securities, but the rights to them are owned by the LSE.
Single-site companies will be charged in a range between £500 and £15,000, while those with multiple sites will be charged up to £50,000 for an ‘enterprise license’.
The LSE is implementing the new charging system to support its re-development of the numbering system.