House Capital Markets Subcommittee to Hold Hearing on Equity Market Structure
Commentary by Steven Lofchie
The House Financial Services Committee's Subcommittee on Capital Markets scheduled a hearing titled "From Order to Execution: Ensuring Efficient and Transparent Equity Markets" for May 20, 2026, at 2:00 p.m.
The hearing is expected to examine the efficiency and transparency of U.S. equity markets, with a focus on the order-to-execution process.
Commentary
The Trade-through rule (which essentially requires that firms take-out the best bid on every single one of the very numerous stock exchanges before they execute a block in full) is lkely to be a key subject of the hearing.