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Challenges for the buy-side and research providers become a reality as SEC allows ‘no-action’ research letter to lapse

The TRADE

The Securities and Exchange Commission (SEC) has allowed its no-action letter to the Securities Industry and Financial Markets Association (SIFMA), based on enforcements surrounding research services, to expire – reinforcing that it was not intended to be permanent solution.

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The 20 greatest trading innovations

The TRADE

Its black background and computerised white text might seem a little out of date to individuals outside of the industry but its role in the financial markets has cemented this interface as a poster child for financial services. TCA can be done in-house but is also offered by third party providers.

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