The Investors Exchange LLC has filed a proposed rule change with the Securities and Exchange Commission to modify the definitions of "Real-Time" and "Delayed" in their market data feeds. The change will increase the delay interval from fifteen milliseconds to fifteen minutes. This modification aims to allow data subscribers to adjust their subscriptions in response to the new time interval. The proposed changes are set to be implemented on February 1, 2025, and the Commission is inviting public comments on this rule change until February 24, 2025.
Simple Explanation
The Investors Exchange LLC wants to change how fast people get stock market data. Before, it was super quick, almost like a blink (15 milliseconds), but now they want to make it slower, more like waiting during a TV commercial break (15 minutes).