The MFA updated its equity market structure recommendations. It made the following new recommendations to the SEC for enhancing the resilience of critical infrastructure and the robustness of the market framework: improve the reliability and oversight of consolidated market data; require electronic trading venues to provide trade order and execution information in milliseconds; develop contingency plans and interim processes to address unexpected trading halts, particularly those that are caused by technology failures; at least every two years, reexamine the parameters used to set circuit
News & Insights
The MFA and the Futures Industry Association Principal Traders Group suggested further revisions to an SEC proposal to expand certain order-handling disclosure requirements.
At a hearing before the House Subcommittee on Capital Markets, Securities, and Investment, market leaders offered recommendations for regulatory reform and identified aspects of the equity market that warrant further review.
In a comment letter on the potential expansion of short interest reporting requirements, the MFA detailed its support, conditional support and opposition to various proposed enhancements.
SIFMA called on the SEC to slow down its rulemaking processes and prioritize rule proposals that address the most pressing needs in the market. SIFMA urged the SEC to finalize a rule proposal to change the cybersecurity risk management protocols for the Consolidated Audit Trail.