NYSE, Nasdaq May Overhaul Data Feed Policies Under SEC Plan (1)

U.S. regulators want exchanges to overhaul their policies for releasing some stock market pricing information after Wall Street brokers argued trading venues were gouging them with price increases for data feeds.

The Securities and Exchange Commission proposal, supported in a 3-to-2 Wednesday vote among the agency’s commissioners, is the latest turn in an ongoing fight over market structure issues that involves the regulator, exchange operators and securities firms. Companies that would be impacted by the SEC’s plan include Intercontinental Exchange Inc.’s New York Stock Exchange, Nasdaq Inc. and Cboe Global Markets Inc.

Wall Street has long complained that because exchanges ...