John Aiden Byrne, NY Post, SEC nixes high-frequency trading platforms, here. Nacho Libre comes to mind. I’m guessing there’s a bunch of folks signing up for OIS discounting 101 class at the local continuing education program. It is staggeringly silly to have Lewis’s book cited as the reason this is going down. Well let’s see what rules are when they deal the next hand, this should be good.
“You’ll probably see the commission coalesce around those enforcement cases and then bring new rules on high-frequency trading,” a source with knowledge of the SEC’s thinking told The Post. “There’s a lot of pressure on the SEC to act.”
The SEC is also mulling a trial run for a so-called trade-at rule, requiring brokerages and dark pools to send their orders to the NYSE, Nasdaq and other public exchanges unless better stock prices occur elsewhere, sources say.