Payment for Order Flow, Rebates Raise Conflicts
Gensler said market segmentation and concentration lead to an unfair playing field in US equities.
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Gensler said market segmentation and concentration lead to an unfair playing field in US equities.
<p><span>Thank you, Rich (Repetto), for that kind introduction. It is good to be with you again. As is customary, I’d like to note my views are my own, and I’m not speaking on behalf of my fellow Commissioners or the SEC staff.</span></p>
Market data reforms are taking many interesting turns globally. In the US, litigation between large exchange groups and the SEC continues. IEX plans to charge for market data starting in 2022. MEMX criticizes the CTA/CQ/UTP Plan’s fee amendments and cites that “it would undermine the important public policy goals of the infrastructure rule”.