The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?
The TRADE
AUGUST 21, 2023
“In the intervening years, people have developed strategies to arbitrage the outdated rules to their advantage, often to the detriment of market integrity. It’s been a long time since there’s been a revisit – Reg NMS was 2005 – and it’s a vastly different marketplace than it was back then.”
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