Updated
Updated · Bloomberg · Jun 5
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.

Insights

With the SEC set to scrap its core investor protection rule, will market fairness become a thing of the past?
As the trade-through rule faces repeal, what new standard will protect investors in high-speed, fragmented markets?