Page 2 - Data Boiler News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<p><span>In the EU, Capital Markets Union (CMU) set to ban payment for order flow (</span><a href="https://www.risk.net/regulation/7946841/germany-has-enough-support-to-block-eus-pfof-ban">PFOF</a><span>), while Germany is trying to block it. This controversial matter stirs up debate in the US as well. One camp favors the SEC Chair Gensler&rsquo;s hype about &ldquo;order-by-order&rdquo; competition published in a&nbsp;</span><a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4116944">paper</a>&l...

On the heels of the latest court decision, how will market data reform evolve?

<p><span>The US Court of Appeals&nbsp;</span><a href="https://www.cadc.uscourts.gov/internet/opinions.nsf/265FAD4E1FDE293F85258876004F2CF9/$file/21-1167-1953361.pdf">struck down the SEC&rsquo;s CT-Plan</a><span>&nbsp;on July 5, 2022. Without the CT-Plan to &ldquo;</span><a href="https://www.linkedin.com/pulse/new-administration-showcases-what-governance-means-kelvin-to/">outsource</a><span>&rdquo; certain SEC authority to the operating committee (2/3 SROs and 1/3 Non-SROs), how will Market Data ...

<p><span>Economically, an Alternative Trading System (ATS) may not afford to subscribe to every Exchange&rsquo;s proprietary feed. ATSs use a mix of SIP feed, selected choice of proprietary feed(s), and vendor solutions to navigate the market in finding suitable liquidity for their clients. Instead of mandating ATSs to source market data other than the published data provided by the SROs, the SEC should consider extending the&nbsp;</span><a href="https://www.sec.gov/rules/final/2020/34-90610.pdf">market data infrastructure rule</a><span>&am...

Regulators should refrain from intervening legitimate private practices, writes Kelvin To of Data Boiler Technologies.