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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Nasdaq, Inc.    NDAQ

NASDAQ, INC.

(NDAQ)
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Nasdaq, New York Stock Exchange sue SEC over planned overhaul of public data feeds

02/09/2021 | 10:35pm EDT
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door

(Reuters) - Nasdaq Inc and the New York Stock Exchange have each sued the Securities and Exchange Commission, seeking to block a plan by the regulator to overhaul public data feeds that broadcast stock prices to investors, court filings show.

Under the SEC plan, approved in December, supply and demand data for stocks would be added to public feeds, broadening access to the information which the exchanges currently sell to professional traders at a premium.

"Nasdaq believes the SEC exceeded its authority by adopting an ill-considered remake of market structure," a Nasdaq spokeswoman said in an emailed statement. The plan "would make equity markets overly complex and increase hidden costs for investors", the statement said.

The filings were made in the U.S. Court of Appeals for the District Of Columbia Circuit.

The Wall Street Journal reported that Cboe Global Markets, which operates the Chicago Board Options Exchange, was also suing the SEC over the issue. Cboe did not immediately respond to a Reuters request for comment.

The lawsuit is the latest legal action taken by the exchanges against the SEC in recent years, which include a successful challenge to a proposed experiment by the SEC to cap trading fees on 1,400 different stocks.

The SEC is also dealing with other suits. In October, Citadel Securities sued the commission over its decision to approve a new mechanism for trading stocks at exchange operator IEX Group Inc.

(Reporting by Kanishka Singh in Bengaluru; Editing by Edwina Gibbs)

By Kanishka Singh


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
NASDAQ COMP. -0.99% 13857.840311 Delayed Quote.7.52%
NASDAQ, INC. -0.31% 157.44 Delayed Quote.18.61%
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Financials (USD)
Sales 2021 3 214 M - -
Net income 2021 1 068 M - -
Net Debt 2021 3 399 M - -
P/E ratio 2021 24,8x
Yield 2021 1,31%
Capitalization 25 826 M 25 826 M -
EV / Sales 2021 9,09x
EV / Sales 2022 8,56x
Nbr of Employees 4 830
Free-Float 66,6%
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Technical analysis trends NASDAQ, INC.
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 159,62 $
Last Close Price 157,44 $
Spread / Highest target 14,3%
Spread / Average Target 1,38%
Spread / Lowest Target -31,4%
EPS Revisions
Managers and Directors
NameTitle
Adena T. Friedman President, Chief Executive Officer, COO & Director
Ann M. Dennison Chief Financial Officer & Executive Vice President
Michael R. Splinter Chairman
Bradley J. Peterson Chief Information Officer & Executive VP
Louis Modano Chief Information Security Officer & Senior VP
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