05.15.2014

SIP vs. Direct Feeds Latency – What are the Rules?

05.15.2014

Michael Lewis’ book, Flash Boys, reinvigorated an old debate – latency. Some market participants receive quote and last trade information faster than others. Some market structure observers are asserting that the SEC is not enforcing Regulation NMS—that data “receipt” latency that exists between the SIP and direct feeds is against the Securities Act Amendments of 1975 and Regulation NMS.

Continue reading on The Book »

COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.

A recent Markets Media article highlights how @tZERO is resetting its vision - focusing on partnerships, regulated infrastructure, and global scale to make tokenized capital markets a reality.

Under CEO @Alan_Konevsky, the company is leveraging regulatory momentum to enable…

Load More

Related articles

We're Enhancing Your Experience with Smart Technology

We've updated our Terms & Conditions and Privacy Policy to introduce AI tools that will personalize your content, improve our market analysis, and deliver more relevant insights.These changes take effect on Aug 25, 2025.
Your data remains protected—we're simply using smart technology to serve you better. [Review Full Terms] | [Review Privacy Policy] Please review our updated Terms & Conditions and Privacy Policy carefully. By continuing to use our services after Aug 25, 2025, you agree to these

Close the CTA