The industry group's headlining proposal suggests that the so-called trade-through rule, a crucial requirement of equities exchanges introduced as part of Regulation NMS, be abolished.
"We believe best execution could be addressed better and much more simply by clarifying and modernizing the best execution requirements that brokers already have, rather than by sustaining an extremely complex backstop managed by the trading venues," the paper says. "This modernization could include consideration
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails