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Exegy Insights: SEC Decentralizes SIP Feeds and Revamps Data Requirements

In February of 2020, the Securities and Exchange Commission (SEC, Commission) proposed a plan to expand the market data made available in the Securities Information Processors (SIP) feeds and to allow competing consolidators to register as alternative SIP providers. Exegy is a provider of SIP and proprietary data feeds that can help prepare for the changes to come whether clients are interested in consolidating, aggregating, or consuming SIP feeds. The plan is a recognition that the current SIP feeds do not offer enough information for best execution and equal opportunity for investors across the board. Undeterred by opposition from some exchanges and venues, the SEC voted unanimously to adopt the proposal early December 2020, meaning major changes to come for the market in the years ahead. Read More

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