SEC updates market data infrastructure rules

Pensions & Investments – In a story about the new market data rules adopted by the SEC, Healthy Markets Executive Director Tyler Gellasch is quoted saying “the reforms aimed at making the public equity markets operate less costly and more usefully are welcome, but are likely to add complexity for market participants and risks to investors. Rather than simply requiring more data to be published and reducing the disparity between the private data and public data streams, the SEC is creating an elaborate competition but then isn’t setting up any guardrails to make sure the competition actually helps investors,” (Full Story).

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