Market Structure

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 ...

First, the Commission should consider revising Regulation ATS to make it applicable to alternative trading systems that trade Treasuries exclusively. In addition, the Commission should ...

"We are in contact with NYSE and are closely monitoring the situation and trading in NYSE-listed stocks. While NYSE is working to resolve the situation, ...

The purpose of MRAC is to provide the Commission with market intelligence and recommendations from industry about market risk and market structure issues. Our first ...

Last fall the commission issued an advanced notice of proposed rulemaking that laid out three different cross-border approaches it could take. The comment file appears ...

It is well past time for an objective and dispassionate review of our equity market structure. This review must be fearless and searching. Too much ...

The Commission is adopting new Regulation Systems Compliance and Integrity (Regulation SCI) under the Securities Exchange Act of 1934 (Exchange Act) and conforming amendments to ...

Given technology’s role in the securities industry and troubling IT events, such as the flash crash, SEC commissioners voted Nov. 19th to adopt Regulation SCI. ...

The SEC's rule that requires firms to place controls on their clients' access to the markets is staying largely on schedule, but the Commission recently ...