Barriers to ECNs
Traders Magazine, June 2001
Mark Borrelli is an ex-Securities and Exchange Commission attorney now working in the private sector.
His soon-to-be-published paper, "Market-Making in the Electronic Age," argues that ECNs are being short-changed under the current regulatory structure. He urges the SEC to make it easier for ECNs to participate in the so-called National Market System (NMS).
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