Washington, D.C., May 24, 2022 – SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the DC Circuit’s decision on the SEC’s market data infrastructure rule:

“SIFMA appreciates the DC Circuit’s decision today upholding the Securities and Exchange Commission’s Market Data Infrastructure Rule.  The Commission’s approval of the rule was challenged by certain publicly traded exchange groups.  The decision will allow the SEC to move forward with implementation of the Rule, which will effect long-needed updates to increase the content of equity market data provided to investors and introduce competition into the dissemination of that data.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s one million employees, we advocate on legislation, regulation and business policy affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development.

SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA).