US securities regulators on Wednesday voted unanimously to propose new rules that would increase the amount of information that alternative trading systems (ATSs), such as "dark pools," must disclose about how they work.
ATSs are private, broker-run electronic trading venues that compete with public stock exchanges. Many ATSs, known as dark pools, do not provide trading information, such as trade sizes and prices, to the public prior to trades taking place, with the aim of getting large orders done with minimal price movement.
The new measures proposed by the US Securities and Exchange Commission would amend rules the regulator adopted 17 years ago when electronic trading networks were being developed to challenge the dominance of the New York Stock Exchange.
The regulatory burden on ATSs was lighter than on exchanges in order to keep barriers to entry low and encourage innovation.
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ATSs are private, broker-run electronic trading venues that compete with public stock exchanges. Many ATSs, known as dark pools, do not provide trading information, such as trade sizes and prices, to the public prior to trades taking place, with the aim of getting large orders done with minimal price movement.
The new measures proposed by the US Securities and Exchange Commission would amend rules the regulator adopted 17 years ago when electronic trading networks were being developed to challenge the dominance of the New York Stock Exchange.
The regulatory burden on ATSs was lighter than on exchanges in order to keep barriers to entry low and encourage innovation.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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