Doubt over Reg NMS deadline
REGULATORY UPDATE
The deadline requires the industry to comply with the changes to the trade-through and market access rules. The SEC will soon release a revised deadline schedule for Reg NMS, according to Gray, who spoke at the annual Security Traders Association of New York meeting in Manhattan on Friday, April 28.
A major reason for the delay is that nine out of the 10 registered US exchanges are currently developing new trading systems, he says. At this point, only the New York Stock Exchange's (NYSE) hybrid
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