SEC Body Examines Price of Data
Traders Magazine, March, 2001 by William Hoffman
Alternative data dissemination proposals was the first agenda item at the March meeting of the Securities and Exchange Commission's Advisory Committee on Market Data.
That follows formation of a subcommittee to study replacing the current monolithic system of distributing and selling securities pricing information with a competitive system of data consolidators.
Georgetown University law professor Donald Langevoort was appointed chair of the subcommittee.
Joel Seligman, the committee chairman, received five proposals on alternative data dissemination structures after asking interested participants at last year's first committee meeting for their input. The submissions were "sufficiently well-developed that we had to take a look," Seligman said. "Clearly...
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