[Note from CAF: What are the private contractors who manage information and payments systems for the SEC and NYSE? It is not clear to me that any agreement between the two will solve the leakage, especially if they still have those systems outsourced to defense contractors.]
By Sarah N. Lynch and Aruna Viswanatha
The New York Stock Exchange said on Monday it is in talks with U.S. securities regulators to settle allegations the exchange violated rules intended to promote fair competition.
The Securities and Exchange Commission’s investigation centers on a regulation that prohibits an exchange from sending out data on a private feed to certain clients more quickly than on public data feeds.