All articles tagged with #regulation nms
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.
The SEC Commissioner discusses the potential reconsideration of Rule 611, which governs order protection in U.S. equity markets, highlighting its historical context, current debates, and the need for comprehensive reform considering interconnected rules and market dynamics. The discussion emphasizes the importance of careful sequencing of rule changes and the evolving landscape of market trading, including off-exchange volumes and technological innovations.