SEC to Vote Next Week on Repealing 20-Year-Old Trade-Through Rule
Updated
Updated · Bloomberg · Jun 5
SEC to Vote Next Week on Repealing 20-Year-Old Trade-Through Rule
2 articles · Updated · Bloomberg · Jun 5
Summary
Next week’s SEC proposal will include a full repeal of the 20-year-old trade-through rule, putting a complete rollback of the market-structure measure before commissioners.
Jamie Selway, director of the SEC’s Trading and Markets Division, said Thursday that scrapping the rule is “genuinely on the table” during remarks at Piper Sandler’s Global Exchange & Fintech Conference in New York.
The planned vote marks a concrete step beyond speculation, signaling the agency is prepared to formally consider eliminating a rule that has governed how stock trades are routed for two decades.