Tag Archives: SEC

Flash crash may push through US trade-at rule (The Trade)

More on the SEC-CFTC flash crash recommendations.  In short, they’ll force platforms that do not publicly display price quotes to execute orders better than the midpoint, or otherwise route them out.  This would kill the business model for many registered ATS’s.  The goal of greater transparency is good – but the unintended consequences are huge.… Read More »

Talking to the Swap Execution Facilities

I’ve spent the better part of the last year studying what will become the swap execution facility (SEF) market, how it will be regulated, its players, its impact on derivatives trading.  More recently I’ve had the pleasure of speaking with a number of the industry’s leaders in the space regarding the plans for their organizations… Read More »

Front Row Seat at the SEC, CFTC Hearing on SEFs

Also posted on TabbFORUM.com Wall Street (which includes yours truly) was in Washington on Wednesday (Aug 15) to discuss Swap Execution Facilities with the Securities and Exchange Commission and the Commodity Futures Trading Commission. I wasn’t the only one walking the block between Union Station, where the express train from New York arrives, to the… Read More »