News | 03.11.19
SEC Chief Wants Smaller Investors to Have Better, Faster Stock Data
SEC Chair Jay Clayton indicated Friday that the government wants smaller investors to have better access to real-time information about stock prices. Clayton said in a speech his agency plans to introduce proposals to shake up a two-tiered system where big firms get faster proprietary stock-data feeds, and smaller players rely on a much slower public ticker tape to make trading decisions. Clayton and the SEC's top markets official, Brett Redfearn, speaking at Fordham University Business School in New York, said that the commission would work on proposals to make lower-cost data faster and the stock-data fee structure more transparent.