Wall St. Execs Plead for Reg NMS Delay; Questions on Trade Throughs & Fast Markets
Traders Magazine, November 2005
Trading officials are putting pressure on the Securities and Exchange Commission to delay implementation of the trade-through rule. The new rule, part of Reg NMS, is scheduled to go into effect next June, but some market participants want more time. They say its complexity has stymied them. What is a fast or slow quote? How does one find the best exchange? How long can one wait for an automatic execution?
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