WASHINGTON - The U.S. Securities and Exchange Commission proposed on Friday to add more stock price information to public market data feeds and allow other firms to compete against the exchanges in running them.
Most exchanges offer depth of book data as a proprietary, fee-based service. The agency measure would give many market participants a fuller view into buying and selling interest in the market. In a statement, SEC Chairman Jay Clayton said the measure was “designed to improve data quality and data access for all market participants.”
Stop proposing and just require it.
Recession
the SEC still has a pulse?
Sec should keep a close eye on big firms like GoldmanSachs etrade Chase Fidelity and others to make sure correct information is given and proper business practices are taking place
Transparency is always good 👌🏼