Fri, Feb 12, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SEC Chair seeks market structure reform

Tuesday, June 10, 2014

Bailey McCann, Opalesque New York:

SEC chair Mary Jo White has market structure in her crosshairs. The regulator said in recent public remarks that she would be looking at market structure, and has indeed revealed a five point reform plan.

While noting that the "[t]he current market structure is not fundamentally broken," White said that the SEC is conducting a "comprehensive review" of the investment environment. According to a client alert from law firm Akin Gump, that plan focuses on these areas: "1) market stability, (2) high-frequency trading, (3) trading fragmentation, (4) broker conflicts, and (5) markets for small companies. The proposals White outlined, if adopted, would impact market participants of all types, including exchanges, alternative trading venues, clearing firms, broker-dealers, and investment advisers."

The proposals look strikingly similar to some of the issues covered in Europe on the next phase plan for MiFID, Union's own market structure reform package. Lawyers note that market participants can expect to see significant changes in the "coming months," an unusually fast timeline for the regulator.

Additionally, the agency will soon launch a pilot program to allow small capitalization stocks to trade with wider tick ranges in order to improve liquidity and attract market makers to this segment of the e......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise