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SEC Proposes Scrapping Core NMS Rules to Simplify Markets

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Source: SEC.gov
SEC Proposes Scrapping Core NMS Rules to Simplify Markets
Photo: SEC.gov
TL;DR Summary

The SEC proposed rescinding Rules 611 (trade-through prohibition) and 610(e) (locking/crossing restrictions) of Regulation NMS, along with related terms, to simplify market structure and lower costs, with a 60-day public comment period, and Chairman Atkins says the review aims to avoid past mistakes while encouraging competition and innovation.

Topics:business#business#locking-and-crossing-quotes#market-structure#regulation-nms#sec#trade-through
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  1. SEC Proposes Rescission of Regulation NMS Rules 611 and 610(e)  SEC.gov
  2. SEC Proposes to Scrap Trade-Through Rule for Equities Execution  Bloomberg.com
  3. SEC Seeks to Scrap Best-Price Rule  WSJ
  4. Wall Street regulator proposes to scrap 'order protection rule'  Reuters
  5. Dow Jones Top Financial Services Headlines at 4 PM ET: SEC Seeks to Scrap Best-Price Rule | Charles ...  Moomoo

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