Exchanges, SEC At Odds Over Odd Lots

Industry insiders warn that the regulator’s attempts to modernize equities data by redefining trading lots will fall short of the mark if odd lot orders remain unprotected.

Almost by definition, financial regulators have a thankless job. Industry participants rail against overly burdensome requirements; consumers say that their interests aren’t being considered enough. To make matters more challenging, regulators need to be able to see into the future even as technology increasingly changes the market in unforeseen ways—but everyone has an opinion on exactly how the rule will have consequences in the future.

The Regulation National Market System (Reg NMS) was

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

How GenAI could improve T+1 settlement

As well as reducing settlement failures, researchers believe generative AI can provide investment managers with improved research, prioritization, and allocation resources.

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