Reg NMS Delayed
Traders Magazine, February 2007
Warned by the New York Stock Exchange that it wouldn't meet the automated quotes deadline in Regulation NMS, the Securities and Exchange Commission is delaying the early phases of the implementation schedule. NYSE officials said they needed an extra month because of delays in their hybrid plan. Reg NMS, whose crown jewel Rule 611 establishes intermarket quote protection, had called for the trading phase to launch on February 5. That is now delayed to March 5.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.