The Securities and Exchange Commission (SEC) is reviewing a proposed plan, submitted by various stock exchanges and financial industry regulators, to establish a new national system for sharing real-time stock market data. This new plan aims to replace the existing three separate plans and address conflicts of interest where exchanges might prioritize their own data products over the collective responsibility to provide fair access to market data. The SEC is seeking public comments to determine whether the plan should be approved, possibly with modifications, or disapproved. Interested parties are invited to submit their opinions by February 5, 2021, with opportunities for rebuttals until February 19, 2021.
Simple Explanation
The people in charge of keeping track of stock prices want to change the way they share information to make it fairer, and they are asking everyone what they think about their plan. They want to make sure everyone can get the information they need and are trying to figure out the best way to do it.