The 60-day feedback period allocated by the SEC to its proposed changes to the practice of sponsored access is almost up, and by the time this issue hits desks, ‘unfiltered’ access may be a thing of the past. But the real issue here is how brokers implement technologies allowing them to manage and monitor their clients’ orders in real time.
Two months. Sixty days. Either way you look at it, when it comes to the financial services industry and how quickly change has historically been effected, it's not a great deal of time. But 60 days is the time window the US Securities and Exchange Commission (SEC) has allocated for the feedback period after its January 13 proposal that would require brokers who allow their clients access to the markets...
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