The SEC has added 45 days to its deadline for ruling on LTAD, which was originally set to be ruled on by November 6—45 days after the publication of notice for LTAD. The Commission now has until December 21 to "approve, disapprove or institute proceedings to determine whether to disapprove the proposed rule change," according to a statement by the SEC.
LTAD is a 350-microsecond delay that would be applied to all liquidity-taking orders sent to the exchange. CHX believes the speed bump will
Rich Newman joins to talk about challenges facing the alternative data space and why open data is becoming increasingly important.Subscribe to Weekly Wrap emails