Reg NMS Takes More Fire

INDUSTRY ISSUES

Some parts of the industry are still concerned about the proposals to change market data distribution and fee- generating practices contained in the Securities and Exchange Commission’s Regulation NMS (National Market System), which is designed to eliminate distortions in the US equity markets.

Last week, the Securities Industry Association, the Financial Information Services Division of the SIIA, Nasdaq and the National Stock Exchange all issued comment letters responding to the latest propo