SEC Approves Market Data Infrastructure Proposal

The SEC just finished its open meeting to consider whether to adopt a new rule and rule amendments to modernize the national market system for the collection, consolidation, and dissemination of information with respect to quotations for and transactions in NMS stocks, i.e., the market data infrastructure proposal.

The proposal was adopted with a 5-0 vote with certain changes.  The fact sheet with more detailed information can be found here and the final rule can be found here.