White House Reviews 2005 Stock Trade-Through Rule for Possible Rewrite
Updated
Updated · Bloomberg · May 18
White House Reviews 2005 Stock Trade-Through Rule for Possible Rewrite
1 articles · Updated · Bloomberg · May 18
A proposal to change the stock trade-through rule appeared Monday on the Office of Management and Budget’s website, signaling White House review of a possible rewrite or repeal.
The rule is meant to stop trades from being executed at prices worse than the best available quote, a core investor-protection standard in U.S. equity markets.
The SEC adopted the current version in 2005, when current SEC Chairman Paul Atkins was serving as a commissioner.
Any overhaul would revisit a decades-old market-structure rule that shapes how stock orders are routed and priced across trading venues.
As key trading rules are dismantled, are small investors gaining freedom or facing new, hidden risks in the market?
With key protections under review, is the SEC redefining what 'investor protection' means for the modern digital marketplace?
How will scrapping decades-old stock rules pave the way for a future of tokenized assets and decentralized finance?