Skip to main content

What We Do

January 3, 2013

December 18, 2012 – Senate Banking Committee Securities Subcommittee hearing entitled "Computerized Trading: What Should the Rules of the Road Be?"

This hearing was the second in a two part series on the need for additional marketplace safeguards because of the recent changes in how the equity and commodity markets function. Of particular concern were the sudden swings in the trading activity such as seem in the so-called flash crashes.

The single panel of witnesses represented different players on the sell side of the industry. They disagreed only in the degree to which the SEC should proceed in the installation of new rules for trading. One suggestion that appeared to receive positive reviews was the establishment of a requirement for a consolidated audit trail for traded securities. This action would provide the market with more transparency and greater accountability.

It did seem, however, that the SEC currently has the authority to make most, if not all, of the suggested modifications thus not requiring the Congress to enact new legislation.

Congressional Activities
Share

Donate Today!

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today