"SEC chief plots major rules for high-speed traders"

SEC chief plots major rules for high-speed traders

at Aljazeera

http://america.aljazeera.com/articles/2014/6/5/us-sec-chair-plotsmajorrulesforhighspeedtradersdarkpools.html

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The top U.S. securities regulator said Thursday she is developing rules targeting high-speed traders, less-transparent trading venues and order-routing practices – a move designed to promote fairness for investors, shine more light on the markets and bolster stability.

U.S. Securities and Exchange Commission (SEC) Chairwoman Mary Jo White's ambitious proposals, announced in a speech in New York City, mark the first time she has articulated her plan for revamping equity market structure rules since she took over at the SEC in the spring of 2013.

White said she has numerous regulatory proposals in the works – including an "anti-disruptive trading" rule to rein in aggressive short-term trading by high-frequency traders during vulnerable market conditions – and a plan to force more proprietary trading shops to register with regulators and open their books for inspection. White also said the SEC is working on a handful of transparency measures.

One such rule would require alternative trading venues, such as so-called “dark pools,” to disclose more to regulators and the public about how they operate.


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