SIFMA provides comment to the U.S. Securities and Exchange Commission (SEC) on a proposed rule change to expand FINRA’s Alternative Trading System (ATS) transparency initiative. Under the proposal, FINRA would publish the equity volume executed over-the-counter (OTC), including that from non-ATS electronic trading systems and internalized trades. SIFMA generally supports the proposal, however, the aggregation and publication timeframes must be modified in order to minimize information leakage.
SIFMA, SIFMA AMG, American Bankers Association (ABA), Bank Policy Institute (BPI), Institute of International Bankers (IIB), Insured Retirement Institute (IRI),…