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In a bid to foster greater transparency over the institutional trading space, the U.S. Securities and Exchange Commission (SEC) has proposed a series of statutes that would see obligatory provisions by brokers to yield standard data on where they send institutional clients’ orders to be completed, per a Bloomberg report.
The action would be noteworthy, as it would bring to light client orders in a more concise manner. While brokers presently disclose certain types of orders and their destinations, the new SEC rules would represent something different entirely. In essence, for the first time, the regulator would require brokers to reveal ... (read more)