Industry and government leaders last week were skeptical that the June 29 deadline for Regulation NMS (Reg NMS) compliance would be met.
"It's pretty clear that there's a great deal left to be done" before June 29, says Dan Gray with the market structure counsel division of market regulation at the USSecurities and Exchange Commission. "The date needs to be extended substantially,"Gray says.
The SEC will soon release a revised deadline schedule for Reg NMS, according to Gray, who spoke at the
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