The US Securities and Exchange Commission has proposed a series of measures to overhaul stock trading in an effort to improve prices, transparency and competition for investors.
Documents on the SEC website published yesterday (14 December) include four press releases of proposals along with several speeches and statements relating to the proposals from Gary Gensler, chair of the commission and other commissioners. According to the Financial Times, the measures are outlined in more than 1,500 pages of documents. In one speech, Gensler noted the rules governing the national market system have not been updated since 2005. "Developments in the in the markets have resulted in a market structure that is less competitive, less transparent, and more concentrated ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
