The SEC has been able to take in more market data since it launched its internal Market Information Data Analytics System (MIDAS), earlier this year. MIDAS provides the SEC with data about every displayed order posted on national exchanges, collecting information on one billion trades a day. Typically only sophisticated market participants have been able to access and process such information, thereby giving such investors an unfair advantage.
SEC Chair Mary Jo White stated that making this information publicly accessible should increase efficiency so people don’t have to struggle to find this information and should spur innovation by unlocking the power of data and research.
A copy of the SEC’s press release on the new website can be found here.