The trade association for the American securities industry, the Securities Industry and Financial Markets Association (SIFMA) says it will respond to a market best practices guide published by the US Treasury Department on 9 February.
The guidelines aim to help market participants avoid trading activities that have in the past led to Treasury warnings about potential price manipulation.
SIFMA vice president Robert Toomey says his members and officials have yet to decide on a
response. “We’re getting a broad perspective from a lot of people on the Street,” he was quoted as saying in the Wall Street Journal. “We are hearing a number of different things.”