We have little doubt the proposed fee increases, particularly for market data access, will have a profoundly negative impact on the number of industry service personal (IBs and Aps) as well as retail speculators. Consequently, we suspect the changes could trigger a potential drop in trading volume in our particular book of business by 20% to 30%. Additionally, small operations such as ourselves could be driven out of business at the hands of decreased volume and substantially higher fixed costs in the form of data fees. Here are some comments and concerns we would like to express: Data fees per…