Exchange shake-up hastens SRO reform

REGULATORY UPDATE

The merger will create a public holding company that will be regulated by a more independent, not-for-profit regulatory arm.

Separately, Nasdaq, waiting for SEC approval to become an exchange, intends to acquire Instinet's Inet ECN. Assuming it becomes an exchange, Nasdaq will be completely severed from its regulator, the National Association of Securities Dealers (NASD). NYSE Regulation and NASD regulate the 180 firms that are members of both organisations. The Securities Industry Associatio

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: