By Steven Sloan and Nina Mehta
The Securities and Exchange Commission voted yesterday to require exchanges and a broker oversight group to build a single system to monitor and analyze trading activity across U.S. equity and options markets.
In a 3-2 vote, the SEC approved a rule requiring the exchanges and the Financial Industry Regulatory Authority, which oversees 4,400 brokers, to establish a so-called consolidated audit trail that will enable the reconstruction of market crises and expedite surveillance across 13 equity exchanges, 10 options markets and more than 200 broker-dealers that execute stock trades away from public venues. The effort is part of the agency’s response to the May 6, 2010, stock rout that temporarily erased $862 billion in U.S. equity value.
securities and exchange commission, financial industry regulatory authority, united states, usd, stock market, financial markets, corporate crime, u.s. securities and exchange commission, broker, exchange, broker
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