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SEC Weighs Direct Funding for Costly Market-Tracking Database

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SEC Weighs Direct Funding for Costly Market-Tracking Database The Securities and Exchange Commission is considering taking direct control of a controversial database that tracks trades across US equities and options markets after Citadel Securities won a lawsuit challenging its funding last year. The agency is exploring ways to directly fund the so-called Consolidated Audit Trail, rather than having it be funded by exchanges, who often pass the cost on to brokers. It is also looking at ways...

SEC Weighs Direct Funding for Costly Market-Tracking Database The Securities and Exchange Commission is considering taking direct control of a controversial database that tracks trades across US equities and options markets after Citadel Securities won a lawsuit challenging its funding last year. The agency is exploring ways to directly fund the so-called Consolidated Audit Trail, rather than having it be funded by exchanges, who often pass the cost on to brokers. It is also looking at ways to directly administer the database rather than the current, external corporation currently overseeing the data.
SEC Weighs Direct Funding for Costly Market-Tracking Database (ORG) US (LOCATION) Citadel Securities (ORG) Consolidated Audit Trail (ORG)
Originally published by Bloomberg Markets Read original →