remember May 2010 and the flash crash .. specific
Post# of 43064
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Posted On: 03/10/2019 11:56:17 AM
remember May 2010 and the flash crash .. specific to then *chairwoman's* comments about SEC having no way to *track* equities' trading (time stamps) ..
absolutely mind boggling that that would be the *norm* with the tech available in 2010
i used to note (over the last decade) that total transparency would literally implode US equities based on the bogus bullshit NR *reports* and if actually caught .. mere slaps on the wrist fines (as was just noted last week re: MM CANT) .. with fines easily made up elsewhere on other *targets*
so if *change* was gonna come .. it had to be glacial in how implemented via SEC
which of course allows deep pocketed NR to create additional loopholes to exploit
the irony of the article imo is the use of the word *liquidity* .. (or illiquid) .. because it's NRs' (non retails) injection of bogus bullshit that initially creates a problem that lingers for years if *target* outlasts NR .. and imo until that *fact* is addressed .. very little changes
so it's going to be an interesting dance (if actually anything changes) ..
T+0 is a start ..
thx for the read alan ..
4kids
U.S. SEC to review stock trading rules in big potential shakeup
https://www.reuters.com/article/us-sec-regula...SKBN1QP2BT
"NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday.
The possible changes are aimed at making it easier to trade illiquid stocks, making more trading information available to investors, and improving the speed and quality of public data feeds needed for trading.
The SEC in 2005 adopted a broad framework called Regulation National Market System that was largely aimed at ensuring retail investors get the best price possible and preventing trades from being executed at prices that are inferior to bids and offers displayed on other trading venues.
Since then, faster, more sophisticated technology has put a bigger focus on rapid-fire, high-speed trading. There has also been an influx of new electronic stock exchanges, fragmenting liquidity and increasing costs for brokers around exchange connectivity and market data needed to fuel algorithmic trading.
“It is clear that the market challenges we faced in the early 2000s are not the same as the issues that we confront over a decade later,” Jay Clayton, chairman of the SEC, said at an event in New York.
To get a better grasp of current market issues, the SEC held a series of roundtable discussions with industry experts last year that led to potential rule-making recommendations around thinly-traded securities, combating retail fraud, and market data and market access, Clayton said.
original post bu Schken
Read More: https://investorshangout.com/post/newpost/633...z5hmi6Eiqw
absolutely mind boggling that that would be the *norm* with the tech available in 2010
i used to note (over the last decade) that total transparency would literally implode US equities based on the bogus bullshit NR *reports* and if actually caught .. mere slaps on the wrist fines (as was just noted last week re: MM CANT) .. with fines easily made up elsewhere on other *targets*
so if *change* was gonna come .. it had to be glacial in how implemented via SEC
which of course allows deep pocketed NR to create additional loopholes to exploit
the irony of the article imo is the use of the word *liquidity* .. (or illiquid) .. because it's NRs' (non retails) injection of bogus bullshit that initially creates a problem that lingers for years if *target* outlasts NR .. and imo until that *fact* is addressed .. very little changes
so it's going to be an interesting dance (if actually anything changes) ..
T+0 is a start ..
thx for the read alan ..
4kids
U.S. SEC to review stock trading rules in big potential shakeup
https://www.reuters.com/article/us-sec-regula...SKBN1QP2BT
"NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday.
The possible changes are aimed at making it easier to trade illiquid stocks, making more trading information available to investors, and improving the speed and quality of public data feeds needed for trading.
The SEC in 2005 adopted a broad framework called Regulation National Market System that was largely aimed at ensuring retail investors get the best price possible and preventing trades from being executed at prices that are inferior to bids and offers displayed on other trading venues.
Since then, faster, more sophisticated technology has put a bigger focus on rapid-fire, high-speed trading. There has also been an influx of new electronic stock exchanges, fragmenting liquidity and increasing costs for brokers around exchange connectivity and market data needed to fuel algorithmic trading.
“It is clear that the market challenges we faced in the early 2000s are not the same as the issues that we confront over a decade later,” Jay Clayton, chairman of the SEC, said at an event in New York.
To get a better grasp of current market issues, the SEC held a series of roundtable discussions with industry experts last year that led to potential rule-making recommendations around thinly-traded securities, combating retail fraud, and market data and market access, Clayton said.
original post bu Schken
Read More: https://investorshangout.com/post/newpost/633...z5hmi6Eiqw
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