In 2006, the SEC introduced a new policy on market data, which assumes that market data fees are subject to competitive force and hence does not require regulatory approval. Under this theory, fees from one exchange would be kept competitive by the availability of alternative data from other exchanges or from the consolidated tape.
Since then, SIFMA has been embroiled in an ongoing legal battle with US stock exchanges Nasdaq and NYSE. On two separate occasions in 2010 and 2013, the case came bef
Anthony and James look at developments pertaining to the Consolidated Audit Trail and wonder if big-tech companies could challenge traditional asset managers.Subscribe to Weekly Wrap emails
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