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
News: CFN Services Further Accelerates its UltraFast™ Market Data with Microwave Network Acquisition
7 days ago,(2014/09/10) - CFN Services
New Solution Broadens Access to Real-time Market Data at Wireless Speeds, Making Dedicated Fiber Connections Obsolete between New York and Chicago CHICAGO, IL and NEW...
9 days ago,(2014/09/08) - Horizon Software
8 September 2014, Paris: Horizon Software, the provider of the most advanced algorithmic trading technology on the market, today announced the latest version of its elect...
666 days ago,(2012/11/20) - HFT Review
By Scott Patterson & Jean Eaglesham Federal securities regulators are stepping up oversight of stock exchanges as they scramble to catch up to trading advantages that s...
197 days ago,(2014/03/03) - McKay Brothers
Aurora-Secaucus latency down to 8.15 ms, Aurora-Carteret down to 8.12 ms; New POPs in Piscataway and Cermak; 1 Mbps service to best all rivals in production; Improved connec...