By Curt Bradbury and Kenneth E. Bentsen Jr.
In the following op-ed, originally published in The Hill's Congress Blog, Curt Bradbury, Chief Operating Officer, Stephens Inc. and Chairman of SIFMA's board-level Market Structure Task Force, and Kenneth E. Bentsen Jr., SIFMA's President and CEO, share task force recommendations developed with the goal of enhancing transparency, providing fair and timely access to market data, and addressing the complexity and fragmentation caused by rebates and order types.
The Security Industry and Financial Markets Association's (SIFMA) mission is to support a strong financial industry that facilitates investor opportunity, capital formation, job creation and economic growth, while building trust and confidence in the financial markets. Robust equity markets are vital to accomplishing these goals. Recent concerns of disparate treatment in the equity markets have threatened investor confidence in the stock market and must be addressed.
It's true that the U.S. has the deepest and most liquid stock market in the world. Over the past ten years, innovation, regulation and the resulting competition in the marketplace have caused spreads to tighten, transaction costs to decrease and execution speeds to increase. It is now much easier and more affordable for all investors to participate in the equity markets...Continue Reading >
Chief Operating Officer
And, Chairman of SIFMA's board-level Market Structure Task Force
Kenneth E. Bentsen, Jr.
President and CEO
SIFMA.... Read more...