Market Structure

The Staff’s research note regarding trading on August 24, 2015 is an excellent jumping off point for this morning’s discussions.[1] The events of August ...

All across the capital markets, technology and innovation are challenging the old ways of transacting business and old ways of thinking about regulation. There ...

First, we will remain diligent in looking at various trading venues, including dark pools. Dark pools currently do not have the same disclosure obligations as ...

The other matter that the Committee will consider this afternoon are the fundamental changes in trading venue management and operation, including the growth of trading ...

But I would also ask you, as I did before the last meeting, never to lose sight of the fact that our equity markets need ...

What are the goals of the Committee? In the future, how will the Committee evaluate its success? Not, how will the Commission or the Staff ...

A critical aspect of our current regulatory efforts with respect to operational integrity relates specifically to the overwhelming dominance of trading algorithms in today’s electronic ...

With the speed and complexity now inherent in securities transactions, information asymmetries are more likely to arise. Although transparency can’t solve every problem, ...

In recent years, our securities markets have undergone rapid and significant transformation. Just as with a volcano, the forces of change have largely come ...

The financial crisis, however, brought into sharp focus the tremendous risks and costs associated with a protracted settlement cycle. The need to better manage risks ...