Commentary

John Turney
Traders Magazine Online News

Foreign Exchange Infrastructure: Yesterday, Today and Tomorrow

In this exclusive to Traders Magazine, John Turney, Global Head of Outsourced FX at Northern Trust, discusses the evolution of the fx infrastructure and what is to come.

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December 1, 2004

The SEC Targets Self-Regulation

By Gregory Bresiger

The Securities and Exchange Commission will soon be publishing an SRO concept release on the "inherent conflicts of self-regulation," according to Steve Williams, an economist in the division of market regulation. Williams said the release will also cover several other subjects, such as SRO funding. Another controversial subject will be "the inefficiencies of having multiple, sometimes conflicting regulators." It will also address the difficulties of intermarket regulation. "This requires the cooperation of people who are often competitors and who often do not like each other," Williams told the annual securities industry conference at New York's Pace University.