Interchange Fee Proposals Cause Exponential Volume Spikes (MA, V)

Posted in block volume, General 
December 16th, 2010

Proposed change to Interchange Fees from the Fed is causing an exponential volume spike in shares of Visa, Inc. (NYSE: V) and Mastercard Incorporated (NYSE: MA).  It took a while for the exponential volume spikes to appear but appear they did.

At 3:24 PM EST we now have over 37 million shares of Visa traded with a 11.6% drop and the price is at $68.02 versus a close of $76.94 yesterday.

At 3:24 PM EST there have been over 6.1 million shares of Mastercard with a 9.5% drop to $225.49.  Average volume is only about 1.15 million shares.

JON C. OGG

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