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Regulation NMS  Wall Street Gears Up For Full Implementation


Author:  Steven Goldberg.; Erin Morrow.


Source: Volume 21, Number 02, November/December 2007 , pp.11-15(5)




Journal of Taxation and Regulation of Financial Institutions

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Abstract: 

Experience will judge the ability of the SEC and SROs to effectively regulate the new marketplace as volume increases, trades move much more quickly, and liquidity flows away from the traditional exchanges to private crossing networks and other alternative trading venues. Continued consolidation of the markets may be accelerated by Regulation NMS, as exchanges merge to attract liquidity and expand their global reach.

Keywords: Electronic equity trading; National Market System; Sub-Penny Rule; Order Protection Rule; Access Rule; Market Data Rules

Affiliations:  1: Grant Thornton LLP; 2: Grant Thornton LLP.

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