FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst
The SEC voted to issue for public comment a staff proposal to create new rules governing public data feeds that it said would also improve transparency and address inefficiencies in the collection and dissemination of the data. Since the existing rules were put in place, exchanges have created faster, more sophisticated proprietary data feeds that compete against the public feeds. Many larger brokers say they need to pay for those private data feeds, which are often more expensive than the public feeds, in order to remain competitive, and that this has created a two-tiered market.
The SEC’s proposal, which is subject to a 45-day public comment period, directs the exchanges to create a new governance plan that would form a single public data feed, reduce the influence of large exchange groups in decision-making around the data, and give a bigger say to non-exchange participants.
Owh yeah, I wanted to know the data feeds to build an automated model to see whether I can do the prediction. But I can't find any that is free. Even the Malaysian one was too expensive to get. Gave up. Did what I could do. Sit and tweet.
Trump tweet drive the market. Nobody cares about data anymore.
We just need new government then u won’t need all those changes.
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