As we approach year end, there are no signs that market-structure issues are slowing down. Comments for the proposed tick-size pilot program, which may change how small-cap stocks trade in the future, are due Dec. 22. We at the STA are working on putting together our third comment letter on the issue (see STA letters). I encourage each of you to look at the proposal and make your voices heard.
STA recently traveled to Washington DC and held meetings with House Representatives, SEC Commissioners and their Staff. Tick Size Pilot Plan, Shareholder identification by third party vendors were two of the topics discussed. See Talking Points
STA Canada files comment letter with SEC. Re: Canadian Securities Administrators Initiative to Study Marketplace Rebates
STA Canada notes the "opportunity to conduct a comprehensive cross-border study of the effect of marketplace rebates on market quality and integrity, in conjunctions with the Canadian Securities Administrators ("CSA"). See letter
Trading & Markets agenda (page 3) includes Amendments to Regulation ATS; Anti-Disruptive Trading Rule; Dealer Status of Active Intraday Proprietary Trading Firms and more. See full agenda
CFTC releases semi-annual regulatory agenda
Includes Requirements for DCMs & SEFs Regarding the Mitigation of Conflicts of Interest (page 3). See full agenda
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Gettysburg Address
by Jim Toes
Earlier this month was the anniversary of Abraham Lincoln's Gettysburg Address. A speech whose opening words, "Four score and seven years ago," is the most revered and recognized speech in our nation's history.
For me, the Gettysburg Address holds a very special place in my life because it was often recited word for word with the passion of a Shakespearean actor by my father. It was in elementary school when my father learned the 272-word speech, and like fine wine his delivery only got better over the years.
STAC 89th Annual Mid Winter Meeting Jan 13-15, 2014
Download the 2015 Affiliate Annual Conference Schedule
HERE
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