2010 Year in Review: Regulations Bite After Flash Crash Data Backlash
Regulators on both sides of the Atlantic grappled with major reforms during 2010 that will have long-lasting implications for market data consumers and the capital markets as a whole.
Following its scrutiny of flash orders and dark pools of liquidity in late 2009, the US Securities and Exchange Commission began 2010 with a fundamental review of equities market structure, mandating increased risk management around naked access—where broker-dealers provide clients with unsupervised access to
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