Notice of Proposed Commission Interpretation Regarding “Automated Quotations”
Published on:
May 2, 2017
Submitted to:
Securities and Exchange Commission (SEC)
Submitted by:
SIFMA
File Number:
File No. S7-03-16
Issue:
SIFMA provides comments to the Securities and Exchange Commission (SEC) on the proposed interpretation of the term “automated quotation” under Rule 600(b)(3) of Regulation NMS. SIFMA believes that the proposed interpretation would raise significant market structure questions and could increase market complexity.