📈FINRA Proposes Changes to IntelligentCross ATS Match Priority Criteria
The SEC announced a partial amendment regarding FINRA's proposed rule change to include IntelligentCross ATS in the Alternative Display Facility. This amendment involves modifying the match priority criteria to enhance the accessibility and efficiency of displayed liquidity, responding to concerns raised during the public comment period. The modifications aim to clarify trading processes and enhance competitive market practices.
Learn More📈OMB Review and Comment Request on Regulation ATS, Rule 304
The Securities and Exchange Commission has announced a request for OMB review regarding Rule 304 of Regulation ATS, which establishes compliance requirements for alternative trading systems. This rule, including Form ATS-N, aims to enhance operational transparency, promote competition, and ensure market participants are informed about ATS operations and potential conflicts of interest.
Learn More