SEC tackles "market distortion", "gamesmanship" with Rule 611 review - Global Trading
Summary by globaltrading.net
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1 Articles
SEC tackles "market distortion", "gamesmanship" with Rule 611 review - Global Trading
The SEC is exploring whether to tweak its trade-through prohibition amid criticism that the current rule forces some market participants to worse-than NBBO pricing after fees and rebates are considered. The SEC aims to reassess the “trade‑through” prohibition enacted by Rule 611 in 2005; the rule forces trading venues to execute at, or route orders to, the national best bid or offeror better. Announcing the event, chair Paul S. Atkins said: “Reg…
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