Huge U.S. securities database to cost about $255 mln over 5 years
October 01, 2014 at 22:13 PM EDT
NEW YORK, Oct 1 (Reuters) - The creation of a mammoth database that was ordered up in the wake of the Flash Crash will cost $255.6 million over five years to operate, according to the average cost estimate of six entities vying to build the system, a regulatory filing showed.
