Arab Today, arab today sec chief eyes new rules on highspeed traders
Last Updated : GMT 16:24:37
Arab Today, arab today
Arab Today, arab today

SEC chief eyes new rules on high-speed traders

Arab Today, arab today

Arab Today, arab today SEC chief eyes new rules on high-speed traders

Mary Jo White, chair of the Securities and Exchange Commission,
New York - AFP

The top US securities regulator Thursday announced plans to tighten oversight of high-frequency trading and "dark pool" trading venues that disclose limited pricing information.
Mary Jo White, chair of the Securities and Exchange Commission, highlighted the proposals at an exchange and brokerage conference in New York, characterizing the current market structure as "not fundamentally broken, let alone rigged."
Empirical data showing lower costs for executing trades and less trading volatility compared with 2006 do not mean "that the current market structure is without issues," she said in a speech, according to the prepared text.
Improving the system "demands careful study and deliberate action when considering fundamental changes," White said, as she outlined a series of ideas at various stages of development.
Responding to concerns about high-frequency trading, White enlisted SEC staff to prepare rules to require high-speed traders to register as dealers with the SEC and to bring more of this trading population under the Financial Industry Regulatory Authority, a self-regulating organization.
These steps "should significantly strengthen regulatory oversight over active proprietary trading firms and the strategies they use," White said.
White expressed concerns that high-speed trading firms had an unfair advantage over average investors. The agency will consider steps such as batch auctions "designed to minimize speed advantages," she said.
Concerns about high-speed trading rose on the public agenda after author Michael Lewis in March argued in a best-selling book that markets were "rigged" in favor of high-speed traders.
White also expressed worry about the rise of so-called "dark venues," where there is often little pre-trade pricing transparency.
The SEC estimates that volume on dark pools, or "alternative trading systems," currently comprises 10-15 percent of US equity trading volume.
White has directed SEC staff to prepare a rule to expand the information about ATS and to make the information available to the public.
The agency will consider additional steps to guard against market instability.
"While this expanded information will be an important tool for investors, we must continue to examine whether dark trading volume is approaching a level that risks seriously undermining the quality of price discovery provided by lit venues," White said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sec chief eyes new rules on highspeed traders Arab Today, arab today sec chief eyes new rules on highspeed traders

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sec chief eyes new rules on highspeed traders Arab Today, arab today sec chief eyes new rules on highspeed traders

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday