The Securities and Exchange Commission on Wednesday narrowly approved a rule designed to give exchanges more information about high-frequency trades.
The rule, which was approved by a vote of 3 to 2, sets in motion the
creation of a so-called consolidated audit trail, a trade tagging and
data collection system that would help the agency track information
about trading orders so it can better understand the fast-paced markets.
SEC Chairman Mary Schapiro, a Democrat, voted with the agency’s two
Republican commissioners to approve the rule.
Insert clown laughter.
No comments:
Post a Comment