An Open Letter From EMA to the SEC and Stakeholders

The U.S. Securities and Exchange Commission’s Roundtable this week on Market Data and Market Access is timely and welcome. 

We can all agree that, not unexpectedly, data and technology play a bigger role in the equity markets than they did when the foundational rules of market structure were established because all systems evolve over time, and it is appropriate for the SEC to periodically consider whether public policy is as well-tuned as possible to support our flourishing capital markets and protect investors. The Equity Markets Association appreciates the Commission’s sincere consideration of stakeholder input and advice, as evidenced by this two-day public meeting. 

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