Regulators Seek to Keep Pace with a Quickly Evolving Market Structure

In 2005, the U.S. Securities and Exchange Commission (SEC) established a series of rules known as Regulation NMS (National Market System) to promote transparency and efficiency in U.S. equity securities markets. However, advances in trading technology have frustrated the achievement of those goals. Private trading venues known as dark pools have increased tremendously in popularity since the adoption of Regulation NMS. Unlike traditional lit exchanges, dark pools do not display customer orders. This serves to Continue Reading →

STLR Link Roundup – Oct. 10, 2014

Twitter Fights for Transparency Regarding the Scale of Government Surveillance Twitter is taking on the Administration in an attempt to deliver more information to its customers about the scale of government surveillance. Twitter sued the U.S. government, alleging that restrictions on its ability to disclose law enforcement requests for user data violate the company’s First Amendment rights. Tech companies may report aggregate data on requests for customer data, but only in broad ranges of 1000 Continue Reading →