SEC deadline raises existential questions for US market data
This month, the commission must decide on a fee filing under its market data modernization efforts. Jo wonders how likely we are to see those efforts materialize any time soon.
It’s been about 2.5 years since the US Securities and Exchange Commission (SEC) proposed its ideas for what it sees as a more competitive and fairer system for market data distribution in the US—proposals that ultimately resulted in the Market Data Infrastructure Rule (MDIR). Honestly, it feels like longer than that—the path has been winding and beset on all sides by litigation from the big exchanges, which want to protect their data businesses. But this month sees yet another milestone on that
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