2020-03-24 | 2020-03760Added
The Securities and Exchange Commission proposes to modernize the national market system by replacing exclusive securities information processors with competing consolidators. The rulemaking introduces a decentralized consolidation model and expands the definition of consolidated market data to include core, regulatory, and administrative information. Additionally, the Commission proposes new registration requirements for consolidators and amendments to Regulation SCI to enhance oversight of market data infrastructure.