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.
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.