/biz/ - Business & Finance

Even linklets will make it

>>17248679
>Ctrl-F "Chainlink"
>0 results

>>17248708
>Brown ID
Unironically fits.

>>17248679
>Seeks to Introduce Competitive Forces to Core Components of the System for the First Time
FOR IMMEDIATE RELEASE
2020-34
Washington D.C., Feb. 14, 2020 —
The Securities and Exchange Commission today proposed to modernize the infrastructure for the collection, consolidation, and dissemination of market data for exchange-listed national market system (NMS) stocks. The proposal would update and expandthe content of NMS market data to better meet the diverse needs of investors in today’s equity markets. The Commissionhas not significantly updated the rules that govern the content and dissemination of NMS market data since their initial implementation in the late 1970s. The proposal would also seek to introduce competitive forces into this core component of the national market system for the first time. The introduction of and competition among these new data consolidators could, in turn, allow all market participants, including investors, to access and benefit from the expanded content of NMS market data.

>>17248679
Is this really happening anons? Nothing good ever happens to me, it can’t be....could it?

>>17248679
>“Today’s proposal is part of our larger initiative to modernize our equity market regulatory structure to address significant changes in our trading markets. In particular, today’s proposals are designed to improve data quality and data access for all market participants,” said Chairman Jay Clayton. “Both the content of NMS market data and the technologies used to collect, consolidate, and disseminate that data have lagged meaningfully behind proprietary data products and systems offered by the exchanges. By expanding the content of this data and introducing competitive forces into the market, the proposals would enhance transparency and ensure that improved NMS market data is available on terms that are accessible to a wide variety of participants in today’s markets.”
In 1975, one of Congress’s principal objectives for the national market system was to assure the availability of information with respect to quotations and transactions in securities.Currently, the national securities exchanges and the Financial Industry Regulatory Authority (collectively, the SROs) act jointly under three NMS plans (the Equity Data Plans) to collect, consolidate and disseminate information for NMS stocks. For each NMS stock, the SROs are required to provide specified market data (the NMS market data) to exclusive securities information processors (SIPs). The SIPs then consolidate that information and make it available to the public. Today’s proposal is designed to improve the NMS market data infrastructure by reducing the current disparity in content and latency between NMS market data and the proprietary data products that some of the individual exchanges sell directly to market participants. The proposal would replace the “exclusive SIP” model with a decentralized model of “competing consolidators.”

>>17248679
This proposal is the latest initiative in the Commission’s ongoing efforts to modernize the national market system to better fit the needs of investors—both retail and institutional—and other market participants, including our exchange listed, public companies. For example, in October 2019, the Commissionpublished a proposaldesigned to improve the procedure for public comment and Commission review of proposed fee changes by NMS plans. In January 2020, the Commissionpublished a proposed orderdesigned to address conflicts of interest in the governance of the NMS plans and to expand the opportunity of investors and other non-SROs to participate in NMS plan governance. Today’s proposal would build upon and complement the Commission’s proposed governance order by seeking to modernize NMS market data from both a content and access perspective, including by introducing competitive forces to key components of the system for the first time.
Market Developments
The U.S. equity markets are dynamic and, as a result of a variety of factors, have changed dramatically since the initial adoption of the national market system in the 1970s. In particular, the combination of technological advances and order routing and trading strategies have greatly increased the speed and automation of markets, making trading more market data dependent, in terms of content, access and processing speed. In response, exchanges have developed enhanced proprietary data and connectivity products that in various circumstances are viewed as superior to the data and access provided by the exclusive SIPs. These content and latency differentials between SIP data and the proprietary market data products disseminated directly by the exchanges have become increasingly material.

>>17248679
>>17248754
>>17248812
>>17248850

>>17248679
Proposal
The Commission preliminarily believes that the content of NMS market data and the model for collecting, consolidating and disseminating NMS market data have not kept pace with technological and market developments.As a result, the Commission is concerned that current NMS market data may no longer satisfy the needs of many investors, broker-dealers and other market participants. The proposal seeks to address this concern in two fundamental ways.
First, as illustrated in the examples provided in the chart below, the proposal would update and expand the content of NMS market data to include:(1) information about orders in share amounts smaller than the current round lot size (e.g., 100 shares) for higher priced stocks; (2) information about certain orders that are outside of an exchange’s best bid and best offer (i.e., certain depth of book data); and (3) information about orders that are participating in opening, closing and other auctions.
Second, the proposal would introduce a decentralized consolidation model under which competing consolidators, rather than the existing exclusive SIPs, would collect, consolidate, and disseminate certain NMS information. To support this decentralized model, the proposal would require each SRO to make available all of its data that is necessary to generate NMS market data to two new categories of entities:(1) competing consolidators, which would be responsible for collecting, consolidating and disseminating consolidated market data to the public; and (2) self-aggregators, which would be brokers or dealers that elect to collect and consolidate market data solely for their internal use.

>>17248920
They are all-in-one pajeets. Funny to browse biz seeing threads like this. LMAO

>>17248679
I like that this thread will die. Thank you op

>>17248679
SROs, as currently registered, and non-SROs could operate as competing consolidators. SRO competing consolidators would not be required to register separately with the Commission. Non-SRO competing consolidators would be required to register with the Commission under proposed new Rule 614 of Regulation NMS. All competing consolidators would be subject to certain standards with respect to the promptness, accuracy, reliability and fairness of their operations, including Regulation SCI. Self-aggregators would be registered broker-dealers subject to the full broker-dealer regulatory regime and would not be required to register with the Commission in a separate capacity.

Fuck me I never thought my stinkers would ever be able to close on my own and I are looking forward with you all the time

this has NOTHING to do with chainlink

>>17248993
Your Welcome. Glad I was able to waste your time. Have a great valentines day neckbeard. HAHAHAHAHA.

>>17249088
Of course anon... nothing to do with link at all

>>17248920
The 42 pill was right.

CIA Project Oracle

>>17248826
nothing to do with blockchain

>>17248679
>https://www.sec.gov/news/press-release/2020-34
Ctrl+F=Blockchain
DLT
Oracles
0 results

>>17249574
Oh okay it must be some other decentralized new tech. Fuck I was getting my hopes up

>>17248812
mfw it's all true

bump

>>17249603
>Second, the proposal would introduce a decentralized consolidation model under which competing consolidators, rather than the existing exclusive SIPs, would collect, consolidate, and disseminate certain NMS information. To support this decentralized model, the proposal would require each SRO to make available all of its data that is necessary to generate NMS market data to two new categories of entities:(1) competing consolidators, which would be responsible for collecting, consolidating and disseminating consolidated market data to the public; and (2) self-aggregators, which would be brokers or dealers that elect to collect and consolidate market data solely for their internal use.
CTRL-f idiots are always the best. I wish I could see the world through in such a narrow/shallow way.

crumbs u say?

>>17248679
What does this have to do with link? Just more breadcrumbs?