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STA Asks SEC to Slow Down

Traders Magazine, January 2005

Gregory Bresiger

Tread lightly on the markets, a leading regulator was urged by a trading group. Phasing in connectivity and electronic access between market centers are the keys to building better market structure, the Security Traders Association wrote in a Reg NMS letter to the Securities and Exchange Commission. "Connectivity would solve many of the problems we now have," Bill Yancey, vice chairman of the STA, told Traders Magazine. He added that this step-by-step process applied to the trade-though rule would avoid many of the dangers of over regulation.

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