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FLASH FRIDAY: SEC Moves on Market Data - Traders Magazine


Traders Magazine
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FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet, 
a Nomura Company.
The U.S. Securities and Exchange Commission this week adopted rules designed to bring more competition and fairness to market data. 
The long-signaled move is a significant regulatory development in what has been a bone of contention between exchanges and brokers for years. At first blush, securities industry participants and observers are constructive. 
Brokers say exchanges have a monopoly on data and charge way too much; exchanges say prices are a function of their own costs to generate the data, and brokers have choices in the marketplace. The Securities Industry Processor (SIP), the utility alternative to exchange data products, is seen as antiquated and of dubious value in today’s high-speed electronic markets. ....

Larry Leibowitz , Exchange Commission , Nomura Company , Plan Networks , Securities Industry Processor , Traders Magazine , Schwab Soundview Capital Markets , Chief Operating Officer , லாரி லேய்பஒவித்ஜ் , பரிமாற்றம் தரகு , நொமுர நிறுவனம் , திட்டம் நெட்வொர்க்குகள் , பத்திரங்கள் தொழில் ப்ரோஸெஸர் , வர்த்தகர்கள் பத்திரிகை , ஸ்க்வாப் ஒலி பார்வை மூலதனம் சந்தைகள் , தலைமை இயங்குகிறது அதிகாரி ,