US Exchanges Request Until Nov. 30 To Enact Key Rule Changes -- Source
21 Giugno 2011 - 6:30PM
Dow Jones News
U.S. exchanges have asked to delay key changes to market-access
rules until Nov. 30, citing cost concerns and questions over the
role of broker-dealer units run by the exchanges.
The exchanges cited "a number of interpretive issues" as they
requested more time to prepare for the changes, set to take effect
on July 14. The appeal was made in a letter to the Securities and
Exchange Commission dated June 20 that was reviewed by Dow Jones
Newswires.
The exchanges requested the extra time to "complete the
development and implementation of the compliance controls...that
will be appropriately tailored to routing broker-dealers." They
also said they "have concerns that the costs associated with the
implementation and maintenance of [the changes] may be materially
in excess of the costs" estimated by regulators.
The letter to the SEC was co-authored by officials at Bats
Global Markets, Nasdaq OMX Group Inc. (NDAQ) and NYSE Euronext
(NYX).
-By Brendan Conway, Dow Jones Newswires; 212-416-2670;
brendan.conway@dowjones.com
Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni NYSE Group (NYSE:NYX)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Nyse Euronext (Borsa di New York (NYSE)): 0 articoli recenti
Più NYSE Euronext Articoli Notizie