{"id":174707,"date":"2021-02-10T07:15:00","date_gmt":"2021-02-10T04:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nasdaq-nyse-sue-sec-over-plan-to-overhaul-data-feeds\/"},"modified":"2021-02-10T07:15:00","modified_gmt":"2021-02-10T04:15:00","slug":"nasdaq-nyse-sue-sec-over-plan-to-overhaul-data-feeds","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nasdaq-nyse-sue-sec-over-plan-to-overhaul-data-feeds\/","title":{"rendered":"#\n  Nasdaq, NYSE sue SEC over plan to overhaul data feeds"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a28f56396baa\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a28f56396baa\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/nasdaq-nyse-sue-sec-over-plan-to-overhaul-data-feeds\/#Plan_threatens_exchange_operators_data_revenue\" >Plan threatens exchange operators\u2019 data revenue<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/nasdaq-nyse-sue-sec-over-plan-to-overhaul-data-feeds\/#By_Alexander_Osipovich\" >By\u00a0Alexander Osipovich<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Nasdaq, NYSE sue SEC over plan to overhaul data feeds<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Plan_threatens_exchange_operators_data_revenue\"><\/span>\n  Plan threatens exchange operators\u2019 data revenue<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000161370\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       <em>By\u00a0Alexander Osipovich<\/em><\/p>\n<p> Nasdaq\u00a0Inc.\u00a0and the New York Stock Exchange sued the Securities and Exchange Commission to block the regulator\u2019s plan to overhaul the public data feeds that broadcast stock prices to investors.<\/p>\n<p>The plan,\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/sec-approves-plan-to-bring-more-detailed-stock-market-data-to-public-11607532641?mod=article_inline\" class=\"icon none\">which the SEC approved in December<\/a>, threatens the exchange operators\u2019 data revenue, a major part of their businesses.<\/p>\n<div class=\"paywall\">\n       In parallel court filings, Nasdaq<br \/>\n        NDAQ,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205547889\/composite\" class=\"positive\">+0.48%<\/bg-quote><span>,<\/span><br \/>\n       the NYSE and exchange operator Cboe Global Markets Inc.<br \/>\n        CBOE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/208166986\/composite\" class=\"positive\">+0.14%<\/bg-quote><br \/>\n       asked the U.S. Court of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>eals for the District of Columbia Circuit to review the SEC\u2019s plan. The filings were dated Friday but only released on the court\u2019s website Tuesday. Both the NYSE, which is owned by\u00a0Intercontinental Exchange\u00a0Inc.<br \/>\n        ICE,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/209108507\/composite\" class=\"negative\">-0.18%<\/bg-quote><span>,<\/span><br \/>\n       and Nasdaq had earlier said that the plan was an overreach by the regulator, and Nasdaq had also argued that it would amount to an unconstitutional seizure of its property.<\/p>\n<p>\u201cThe SEC exceeded its authority with this ill-conceived remake of market structure,\u201d said Joe Christinat, head of communications at Nasdaq. \u201cThis will make markets more complex and costly.\u201d<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/nasdaq-sues-sec-to-block-market-data-overhaul-11612909321?mod=mktw\" class=\"icon none\">An expanded version of this report appeared on WSJ.com.<\/a><\/p>\n<p><strong>Also popular on WSJ.com:<\/strong><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/as-vaccines-raise-hope-cold-reality-dawns-covid-19-is-likely-here-to-stay-11612693803?mod=mktw\" class=\"icon none\"> As COVID-19 vaccines raise hope, cold reality dawns that illness is likely here to stay. <\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/trump-partner-exploring-ways-to-end-relationship-with-ex-presidents-company-11612872003?mod=mktw\" class=\"icon none\"> Trump partner exploring ways to end relationship with ex-president\u2019s company. <\/a><\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"By\u00a0Alexander Osipovich\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"By_Alexander_Osipovich\"><\/span>By\u00a0Alexander Osipovich<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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The plan,\u00a0which the SEC approved in&#8230;<\/p>\n","protected":false},"author":1,"featured_media":174708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-174707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174707","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=174707"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/174707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/174708"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=174707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=174707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=174707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}