Reg NMS Sweeps U.S. Market
FRONT PAGE: NEWS ANALYSIS
NEW YORK—When the U.S. Securities and Exchange Commission (SEC) voted last week to overhaul the regulatory structure of the U.S. equities trading market, they also set into motion a mandate to overhaul IT infrastructures from the New York Stock Exchange (NSYE) to the broker/dealers who will have to rethink their smart routing technologies.
In a sweeping and controversial decision on April 6, SEC commissioners adopted Regulation NMS (national market system) by a 3-2 vote that reflects the deep
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