SEC Considers Direct Control of Market-Tracking Database
The SEC is evaluating whether to directly fund and manage a market-tracking database that monitors US equities and options trades, following Citadel Securities' successful legal challenge to its previous funding structure. This decision comes as the SEC seeks to maintain the database's operations after the court ruling undermined its original financial model. Direct SEC control could represent a significant shift in how market surveillance infrastructure is managed and financed.
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SEC Weighs Direct Funding for Costly Market-Tracking Database
The SEC is evaluating whether to directly fund and manage a market-tracking database that monitors US equities and options trades, following Citadel Securities' successful legal challenge to its previous funding structure. This decision comes as the SEC seeks to maintain the database's operations after the court ruling undermined its original financial model. Direct SEC control could represent a significant shift in how market surveillance infrastructure is managed and financed.
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