SEC Preps Shakeup of US Consolidated Tapes
The SEC wants a single consolidated data plan to improve data latency and availability over the current consolidated tapes.
The Securities and Exchange Commission (SEC) has proposed drastic changes to how the US consolidated tapes of market data from equities exchanges will be operated and governed, in a bid to simplify their decades-old structure and keep pace with the technology used by direct exchange feeds to ensure those using the tapes are not at a competitive disadvantage.
The SEC—concerned over the inability of these data plans to keep pace with the exchanges’ premium proprietary datafeeds—wants to do away
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