Free Site Registration

Bloomberg Warns That SEC Could Create Central Market

Traders Magazine, September 1998

Staff Reports

Bloomberg has warned that a Securities and Exchange Commission proposal for regulating alternative trading systems (ATSs) could create a centralized Nasdaq-run market that sends execution messages instead of orders to ATSs.

In a bluntly-worded comment letter on one of the two SEC proposals for regulating ATSs, including electronic communications networks, Bloomberg stated: "Taken to its logical and practical conclusion, such centralization of the market could severely truncate, if not eliminate, the role of ATSs, and stifle competition."

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?