Trading and Markets (US) Content

On September 16, 2024, the SEC issued an order disapproving proposed changes to the National Market System (NMS) Plan to Address Extraordinary Market Volatility (the "Plan") filed by the Plan participants, which consists of the national securities exchanges and the Financial Industry...

The Financial Industry Regulatory Authority and the Municipal Securities Rulemaking Board's proposals, as amended, related to reducing the trade reporting outer-limit timeframe for certain transactions reported to FINRA's Trade Reporting and Compliance Engine and MSRB's Real-Time...

As required by the Financial Data Transparency Act of 2022, several federal financial regulators, including the SEC, published a proposal to establish joint data standards. The purpose of the Proposal is to promote the interoperability of financial regulatory data across the Agencies.

The Financial Industry Regulatory Authority (FINRA) and the Municipal Securities Rulemaking Board (MSRB) recently filed with the Securities and Exchange Commission (SEC) amended proposed rule changes related to reducing the trade reporting timeframe for certain transactions reported...

On July 30, 2024, ICI submitted the attached comment letter to the Securities and Exchange Commission on the Financial Industry Regulatory Authority's proposed FINRA Rule 6500 series that would implement FINRA's Securities Lending and Transparency Engine.

The Office of Information and Regulatory Affairs released the Spring 2024 Unified Agenda of Regulatory and Deregulatory Actions on July 8, 2024. The agenda includes regulatory actions that the Securities and Exchange Commission and Commodity Futures Trading Commission expect to take...

On 3 July, ICI Global provided a high-level response to IOSCO's recent consultation on exchange operation, governance, and business models.

ICI, along with a number of other trade associations who represent different participants in the U.S. capital markets, developed a white paper,"Investors and the Markets First: Reforms to Restore Confidence in SEC", which (i) identifies areas where the SEC's current rulemaking agenda...

On May 23, 2024, the Commodity Futures Trading Commission's Division of Data published updated post-initial appropriate minimum block sizes and post-initial cap sizes as determined under Part 43 of the Commission's regulations. At the same time, the CFTC's Division of Market Oversight...