Regulation Channel

FINRA Wins DirectEdge Surveillance

FINRA reached an agreement with Direct Edge to monitor its two stock exchanges, EDGX and EDGA, for trading abuses. The deal gives FINRA oversight of 90 percent of volume.

FINRA Considering Rule to Require More Dark Pool Data Disclosure

A Wall Street regulator is considering new rules to shine light on dark trading after the largest U.S. dark pool operator stopped sharing data on the volume of its trades.

Comment Period for Automated Systems Rule Extended 45 Days

The SEC has extended the comment period on its proposed Regulation Systems Compliance and Integrity
 for 45 days, to July 8. Securities exchanges and FINRA had asked for a 90-day extension.

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Demystifying Dodd-Frank

Commissioner Scott O'Malia of the Commodity Futures Trading Commission (CFTC) is on a mission. He says the process of writing new over-the-counter derivative contract rules needs more transparency. Over the past year he has repeatedly called for more roundtables and public comment on how rules are written. Why is this important? Because these rules, among other things, will determine which OTC derivative contracts must go through a clearing process and which ones can continue to use the old bilateral, dealer-to-dealer model.

Briefs

Here are this month's Editor's Picks for the best and most newsworthy stories covered by Traders Magazine online news. These stories appear in abbreviated form. To read full length items, please visit our wesbite at www.tradersmagazine.com.

At Odds Over Increments

Are higher trading costs justified if they produce more support for small- and mid-cap stocks? That question is at the heart of a debate among trading practitioners, regulators and academics as the Securities and Exchange Commission mulls the introduction of a pilot that could quintuple the size of the minimum trading increment.

SEC Division Turns to Data Geeks

After a rocky few years of flash crashes, trading glitches and botched IPOs, the Securities and Exchange Commission may finally be making headway in its battle with the streaming reams of disparate and diffused electronic data that define the modern U.S. securities trading markets.

SEC Eyes Order Type Development

The Securities and Exchange Commission has begun inspecting how the nation's stock exchanges develop, refine and approve new types of buy and sell orders, in the face of a great proliferation in order types.

SEC Pushes Anti-Glitch Regulation

The Securities and Exchange Commission has proposed new rules designed to protect against the kinds of technical disruptions that plagued stock exchanges last year.

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Articles from this Site

• FINRA Considering Rule to Require More Dark Pool Data Disclosure
• FINRA Wins DirectEdge Surveillance
• Comment Period for Automated Systems Rule Extended 45 Days
• Impact of Reg SCI: Q&A with Jim Angel
• 10-Second Rule Adopted for Reporting Transactions
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