SIFMA Statement On Decision on SEC’s Market Data Infrastructure Rule

SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the DC Circuit’s decision on the SEC’s market data infrastructure rule:

“SIFMA appreciates the DC Circuit’s decision today upholding the Securities and Exchange Commission’s Market Data Infrastructure Rule.  The Commission’s approval of the rule was challenged by certain publicly traded exchange groups.  The decision will allow the SEC to move forward with implementation of the Rule, which will effect long-needed updates to increase the content of equity market data provided to investors and introduce competition into the dissemination of that data.”