Nasdaq, CBOE And NYSE Sue SEC To Block Market Data Review Date 11/02/2021 Nasdaq, CBOE Global Markets and the New York Stock Exchange have sued the Securities and Exchange Commission (SEC), seeking to block the SEC's plan to overhaul public data feeds that broadcast stock prices to investors, according to court records.
The plan, which was approved by the SEC in December, threatens the exchange operators’ market data revenue. Market data is a major part of exchanges revenue.