The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?
The TRADE
AUGUST 21, 2023
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.” If firms can employ better technology to profitably provide tighter spreads for the most liquid securities, then we should encourage, not thwart, that evolution.”
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