The chairman of the Securities and Exchange Commission on Monday pressed exchanges to end a standoff that has delayed the launch of a massive database meant to track all activity in the stock and options markets.
“I’m not happy,” SEC Chairman Jay Clayton told a conference in Orlando, Fla., sponsored by the principal trade association for stockbrokers. “We can’t dilly around. The main markets regulator should have access to a forensic trail that enables us to assess what happened if a market event occurred.”
via SEC Urges Exchanges to End Standoff on Trading Data – WSJ.
