Regulatory Alerts2015-12-28 | 2015-29890Added
Regulation of NMS Stock Alternative Trading Systems
The Securities and Exchange Commission proposes amendments to Regulation ATS to impose enhanced regulatory requirements on alternative trading systems that transact in National Market System stocks. The proposal introduces Form ATS-N to mandate detailed public disclosures regarding operator activities and trading operations, while establishing a process for the Commission to declare the form effective or ineffective. Additionally, the Commission requires written safeguards for confidential trading information and seeks comments on potential changes to exemption criteria and order routing transparency rules.
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