SEC gives green light to T+1 implementation in May 2024
Commissioners disagreed on the proposed implementation date, with amendments narrowly passing by three votes to two.
Commissioners disagreed on the proposed implementation date, with amendments narrowly passing by three votes to two.
SEC’s order finds that from at least 2016 to October 2022, Bloomberg’s paid subscription BVAL service failed to disclose that the valuations for specific fixed-income securities could be based on a single data input.
The US regulator has shaken things up for the holiday season with a set of sweeping reforms designed to revamp and reinvigorate the US stock market. The TRADE brings you the latest, along with a detailed breakdown of the new proposals.
The regulator’s proposed rule changes look to lower risk through improved central clearing within the US Treasury market.
William Birdthistle, director of the SEC’s division of investment management, attributed research services market developments as a reason behind choosing not to extend the temporary position.
The US options exchange is expected to launch early next year.
The past week saw appointments from HKEX and the SEC.
New commissioner has been sworn into the position after serving at the SEC in a variety of roles since 2006.
The Commission claims the new requirements will enhance efficiency, transparency and operational resiliency, while also making data more accessible to the public.
SEC chair, Gary Gensler, addressed deficiencies in the US trading system and provided recommendations to update key aspects of national market system rules including improving minimum tick sizes, best execution and order-by-order competition.