📈SEC Notice on Market Data Definition Change by IEX
Self-Regulatory Organizations; Investors Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Change the Definitions of “Real-Time” and “Delayed” in Relation to Its Proprietary Market Data Feeds so That the Interval That Differentiates Delayed IEX Data From Real-Time IEX Data Is Fifteen Minutes Instead of Fifteen Milliseconds
Summary
The Securities and Exchange Commission has issued a notice regarding a proposed rule change by Investors Exchange LLC to redefine “Real-Time” and “Delayed” in relation to its proprietary market data. This change will differentiate Delayed IEX data from Real-Time IEX data by a 15-minute interval instead of the previous 15 milliseconds, providing subscribers a chance to adapt their data needs accordingly.
Agencies
- Securities and Exchange Commission
Business Impact
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The proposed rule change by Investors Exchange LLC alters the definition of “Real-Time” and “Delayed” data, which could impact Data Subscribers' market data strategies and compliance with new data definitions. This change affects business operations for those needing accurate market data and may involve re-evaluating data subscription needs.