Redefining the US Consolidated Tape

Generating and disseminating market data is a much more difficult process than it seems, and the SEC’s proposal to overhaul the consolidated tape threatens the current balance of power – as well as the exchanges’ bottom lines. TABB Group founder and research chairman Larry Tabb breaks down the challenges with the current US consolidated market data-creation process, the SEC’s efforts to create a less-conflicted governance structure, how the proposal could impact market participants, and what’s next.