System Down: What Is Reg SCI's Future?
The future of some regulations are in question, Reg SCI just might be one of the casualties.
In November 2014, the US Securities and Exchange Commission (SEC) approved Regulation Systems Compliance and Integrity—otherwise known as Reg SCI—as a means to help curb a spate of market disruptions. What the SEC wanted was to prevent a repeat of what happened on October 30, 2014, when a market-wide disruption halted trading at the New York Stock Exchange (NYSE), Nasdaq, BATS, and various other exchanges. The disruption was caused by a failure with the Security Information Processor (SIP), the
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Wavelength Podcast Episode 154: Bryan Cross, UBS Asset Management
Bryan Cross, who heads UBS Asset Management's QED group, joins to discuss alternative data and AI.
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