Commentary

David Weisberger
Traders Magazine Online News

Stop the BS & Promote Real Transparency!

In this shared blog, David Weisberger says a recent WSJ article is wrong and that traders do need to purchase faster and more comprehensive market data to avoid being fined for violating "Best Execution" obligations.

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January 1, 2005

Another Round for Reg NMS

By Gregory Bresiger

The Reg NMS proposals were put on hold by the Securities and Exchange Commission for at least another month, providing more time for comments.

"When we first went out for comment on proposed Regulation NMS, I said that I considered that Round 1," said Commissioner Cynthia Glassman. "I consider today's reproposal of Reg NMS as Round 2 and we may even need Round 3."

The SEC recently was criticized for its trade-through plan. Chairman William Donaldson said it decided, "to go beyond our statutory obligations and give all interested parties as much exposure as possible to the direction of our thinking."