The New Tape Deal “Today’s action is an important step in our ongoing efforts to modernize our national market system,” said SEC Chairman Jay Clayton.  “The Commission has received extensive public input on issues relating to equity market structure and access to market data, as well as suggestions for how that structure should be updated to ensure that our markets continue to best serve the interests of investors.  Today’s proposed order is designed to address issues regarding the dissemination of market data that affect the efficiency and fairness of our markets.  In particular, we welcome public input on the specific proposed governance provisions.”

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