Market Structure

"I am open to alternative ways to update these requirements and the subject matter deserves further exploration through the public comment process"

"The proposal appears to be a reasonable attempt to address deficiencies of the current Rule 605, but the Commission will still need input from market ...

"The changes to the minimum tick size make updating the access fees more urgent, because if the fees stay the same while the minimum tick ...

"While I do not necessarily agree with all parts of the proposal, it will commence a healthy process of public comment necessary to appropriately improve ...

"The current tick size and access fees were both adopted as part of Regulation National Market System in 2005, known as Regulation NMS.  Updates to ...

This SEC proposal would adopt variable minimum pricing increments for the quoting and trading of NMS stocks, reduce the access fee caps, and enhance the ...

'Uneven field,' Chairman says, but stops short of calling for ban of payment-for-order flow

"I’ve asked staff to make recommendations for the Commission’s consideration around how we might update Rule 605 so that investors receive more useful disclosure about ...

"We also benefit from both private and public markets. Private capital markets, such as venture capital, have brought new ideas to market faster and more ...

"The information reported to these systems, though, has not kept pace with changes in our markets and with technological advances. One area where I think ...