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

The TRADE

“There are some very powerful, well-entrenched special interests who will rightfully see this as a direct attack on their business models. At its core, the real issue revolves around who the markets should benefit – the vast majority of institutional and retail investors, or a narrow subset of powerful intermediaries.

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The 20 greatest trading innovations

The TRADE

Within SIs, banks can cross flow from their various business divisions using their central risk books without going out to the market to find the other side. ETFs offer investors a chance to buy and sell a basket of securities as if it were a single stock and transaction.

Trading 120
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Unpacking the 20 most impact financial regulations from the last 20 years

The TRADE

Traditionally, many securities transactions have settled on a T+2 basis, in which buyers receive ownership of a security and the seller receives payment two business days after the trade date.