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

The TRADE

If firms can employ better technology to profitably provide tighter spreads for the most liquid securities, then we should encourage, not thwart, that evolution.” Certainly, there will be a lot of burden on broker dealers to adjust their routing and adding venues, but it’s not incredibly impactful.”

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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

The implementation of Basel III did, however, face a range of challenges , particularly in relation to its potential impact on bank profitability and lending activities. UMR has resulted in higher cost of trading for OTC derivatives, given that counterparties are required to post initial margin to cover potential future exposures.