Re-Imagining Reg NMS
Landmark equity-market ruleset is showing its age; how to update?
Traders Magazine Online News, September 24, 2016
When Regulation National Market System was established in 2005, George W. Bush was five months into his second term as U.S. President. A lot has changed in 11 years, both in the world at large and in financial markets. So it stands to reason that Reg NMS, the sweeping ruleset that was aimed at modernizing and strengthening equity market structure, has passed its ‘best by’ date.
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