SIFMA issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the DC Circuit’s decision on the SEC’s market data infrastructure rule:
The DC court decision today to uphold @SECGov Market Data Infrastructure Rule allows long-needed updates to increase the content of #equitymarket data provided to investors and introduce competition into the dissemination of that data.
Full statement: https://t.co/nIq2Z4bG6e
— SIFMA (@SIFMA) May 24, 2022
SIFMA appreciates the DC Circuit’s decision upholding the Securities and Exchange Commission’s Market Data Infrastructure Rule.
The Commission’s approval of the rule was challenged by certain publicly traded exchange groups. The decision will allow the SEC to move forward with implementation of the Rule, which will effect long-needed updates to increase the content of equity market data provided to investors and introduce competition into the dissemination of that data.”
Source: SIFMA
The Court really beat down the major exchanges in their Market Data Infrastructure ruling. They saw right through the exchanges self-serving arguments. This was my favorite part: pic.twitter.com/8wF3mZDI8u
— Joe Saluzzi (@JoeSaluzzi) May 25, 2022
Big Loss for the Major Stock Exchanges https://t.co/wyPL3pa2HW pic.twitter.com/2JS40723ac
— Joe Saluzzi (@JoeSaluzzi) May 25, 2022
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