article thumbnail

The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?

The TRADE

“If adopted, [Regulation Best Execution] would help ensure that brokers have policies and procedures in place to uphold one of their most important obligations: to seek best execution when trading securities, whether equities, fixed income, options, crypto security tokens, or other securities,” says Gary Gensler, chair of the SEC. “I believe a best (..)

article thumbnail

The 20 greatest trading innovations

The TRADE

Central limit order book (CLOB) While it is easy to romanticise the sheer graft that went into trading a few decades ago, the introduction of central limit order books (CLOBs) and streamed pricing were much-needed innovations. Dark trading is a popular practice globally.

Trading 120