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In attempting to address longstanding issues around equity market data costs, the U.S. Securities and Exchange Commission may have bitten off more than it can comfortably digest before the regulator’s current leadership has to leave the table.
According to a snap poll of market participants conducted by Rosenblatt Securities, the SEC’s SIP governance order has stronger backing (59%) than the infrastructure proposal issued in February (48%). But Rosenblatt Managing Director Justin Schack says the extent of the SIP governance changes may not be widely appreciated.