US Stock Market: Citadel Securities Warns SEC Rule Change Could Hurt Retail Investors, Market Liquidity

US Stock Market: Citadel Securities warns SEC rule change could hurt retail investors, market liquidity

Citadel Securities has urged the SEC to reconsider its proposal to eliminate the order protection rule, warning it could weaken market liquidity, price discovery and retail investor protections. The market maker argues the change may divert trades from public exchanges and recommends alternatives, including minimum trading-volume thresholds for exchanges to qualify for protected status.

Ondo Finance Backs SEC’s Proposed Rollback of Reg NMS Trade Through Rule

Ondo Finance – which operates a transaction platform for tokenised assets – has added its support to a Securities & Exchange Commission (SEC) proposal to roll back the long-standing ‘trade through rule” related to Regulation NMS. The SEC’s motivation is that it now believes the rule leads to market fragmentation and increased costs, while Ondo is asking that a future market structure treats on-chain and traditional markets alike, so that increas…

MFA Urges SEC to Reconsider Changing Equity Market Rules

MFA urged the Securities and Exchange Commission (SEC) to conduct a more comprehensive assessment of its proposal to rescind key Regulation NMS rules governing U.S. equity markets before moving forward with such significant changes. While the SEC seeks to simplify market structure, additional analysis is needed to determine whether the proposal would improve market outcomes or create unintended consequences for investors, market quality, and the…

The SEC Wants to Scrap a 20-Year Stock Rule, and Citadel Says Investors Could Pay

Citadel Securities urged the Securities and Exchange Commission (SEC) yesterday (Monday) to keep the order protection rule for US stocks. It said repeal could hurt retail investors and public exchanges.Without Rule 611, a trading center could execute an order at a worse price than a protected quote displayed elsewhere. US zero-commission brokers already route some retail orders to wholesalers, including Citadel Securities and Virtu Financial, in…

Citadel Securities urges SEC to reconsider stock-trading rule proposal

Citadel's opposition to SEC's proposal highlights potential risks to market liquidity and transparency, impacting retail investors and price accuracy. The post Citadel Securities urges SEC to reconsider stock-trading rule proposal appeared first on Crypto Briefing.