Market data hopefuls await deadline with bated breath
August 9 is when regulators could approve the governance plan for the new system of datafeeds in the US. Jo says this would be an important step forward for those hoping to create new businesses under the regime.
For vendors in the market data connectivity business, the Securities and Exchange Commission’s initiative to modernize the public feeds of US equities data is an enticing business proposition. The regulator has finalized a rule that is part of its efforts to, as it says, modernize market structure. The “infrastructure rule” creates a system in which—instead of two securities information processors (Sips) pumping out bid/ask quotes, consolidated from US trading venues to consumers—a decentralized
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