A federal appeals court threw out an SEC order that would have given securities firms and others a greater say on management of public data feeds that provide crucial information on real-time stock prices.
The US Court of Appeals for the D.C. Circuit on Tuesday vacated a 2020 SEC order that would have reduced the control that exchanges like the New York Stock Exchange, Nasdaq Inc. and Cboe Global Markets Inc. have over the collection and dissemination of core market data.
The Securities and Exchange Commission moved to create a National Market System that would have required the exchanges and ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.