United States Government Publishing Office
publisher
pbl
distributor
dst
United States
National Archives and Records Administration
Office of the Federal Register
author
aut
Government Organization
text
government publication
eng
FR
Regulatory Information
2009_register
executive
2009-11-21
article
Regulation of Non-Public Trading Interest
Part II
Proposed Rules
D09002ee1bdd28660
D09002ee1bdd28737
United States
Securities and Exchange Commission
originator
org
United States Government Agency or Subagency
The Securities and Exchange Commission (``Commission'') is proposing to amend the regulatory requirements of the Securities Exchange Act of 1934 (``Exchange Act'') that apply to non-public trading interest in National Market System (``NMS'') stocks, including so-called ``dark pools'' of liquidity. First, it is proposing to amend the definition of ``bid'' or ``offer'' in Exchange Act quoting requirements to apply expressly to actionable indications of interest (``IOIs'') privately transmitted by dark pools and other trading venues to selected market participants. The proposed definition would exclude, however, IOIs for large sizes that are transmitted in the context of a targeted size discovery mechanism. Second, the Commission is proposing amendments to the display obligations of alternative trading systems (``ATSs'') in Regulation ATS under the Exchange Act, including a substantial lowering of the trading volume threshold in Regulation ATS that triggers public display obligations for ATSs. Third, the Commission is proposing to amend the joint-industry plans for publicly disseminating consolidated trade data to require real-time disclosure of the identity of dark pools and other ATSs on the reports of their executed trades. The proposals are intended to promote the Exchange Act goals of transparency, fairness, and efficiency.
74 FR 61208
https://www.govinfo.gov/app/details/FR-2009-11-23/E9-27951
E9-27951
FR23NO09-27
RIN 3235-AK46
8011-01-P
Release No. 34-60997
File No. S7-27-09
https://www.govinfo.gov/app/details/FR-2009-11-23/E9-27951
https://www.govinfo.gov/content/pkg/FR-2009-11-23/html/E9-27951.htm
https://www.govinfo.gov/content/pkg/FR-2009-11-23/pdf/E9-27951.pdf
Brokers
Reporting and Recordkeeping Requirements
Securities
31 p.
61208
61238
74 FR 61208
Code of Federal Regulations
Title 17 Part 242
17 CFR Part 242
Regulation Identification Number 3235-AK46
RIN 3235-AK46
Regulation of Non-Public Trading Interest; Federal Register Vol. 74, Issue
PRORULE
E9-27951
II
SECURITIES AND EXCHANGE COMMISSION
2010-02-22
Release No. 34-60997
File No. S7-27-09
8011-01-P
E9-27951
Proposed rules and amendments to joint-industry plans.
The Securities and Exchange Commission (``Commission'') is proposing to amend the regulatory requirements of the Securities Exchange Act of 1934 (``Exchange Act'') that apply to non-public trading interest in National Market System (``NMS'') stocks, including so-called ``dark pools'' of liquidity. First, it is proposing to amend the definition of ``bid'' or ``offer'' in Exchange Act quoting requirements to apply expressly to actionable indications of interest (``IOIs'') privately transmitted by dark pools and other trading venues to selected market participants. The proposed definition would exclude, however, IOIs for large sizes that are transmitted in the context of a targeted size discovery mechanism. Second, the Commission is proposing amendments to the display obligations of alternative trading systems (``ATSs'') in Regulation ATS under the Exchange Act, including a substantial lowering of the trading volume threshold in Regulation ATS that triggers public display obligations for ATSs. Third, the Commission is proposing to amend the joint-industry plans for publicly disseminating consolidated trade data to require real-time disclosure of the identity of dark pools and other ATSs on the reports of their executed trades. The proposals are intended to promote the Exchange Act goals of transparency, fairness, and efficiency.
Comments should be received on or before February 22, 2010.
Actionable IOIs: Theodore S. Venuti, Special Counsel, at (202) 551-5658, Arisa Tinaves, Special Counsel, at (202) 551-5676, Gary M. Rubin, Attorney, at (202) 551-5669; ATS Display Obligations: Brian Trackman, Special Counsel, at (202) 551-5616, Edward Cho, Special Counsel, at (202) 551-5508; Post-Trade Transparency for ATSs: Natasha Cowen, Special Counsel, at (202) 551-5652, Mia Zur, Special Counsel, at (202) 551-5638, Nicholas Shwayri, Law Clerk, at (202) 551-5667, Division of Trading and Markets, Securities and Exchange Commission, 100 F Street, NE., Washington, DC 20549-7010.
Brokers
Reporting and Recordkeeping Requirements
Securities
Regulation of Non-Public Trading Interest
,
rule-comments@sec.gov
http://nyxdata.com/nysedata/asp/factbook
http://www.batstrading.com/market_summary
http://www.liquidnet.com/about/liquidStats.html
http://www.nasdaqtrader.com/trader/aspx?id=marketshare
http://www.nyxdata.com/cta
http://www.pipelinetrading.com/AboutPipeline/CompanyInfo.aspx
http://www.regulations.gov
http://www.sec.gov/rules/proposed.shtml
http://www.utpdata.com
Federal Register
Vol. 74, no. 224
Office of the Federal Register, National Archives and Records Administration
2009-11-23
continuing
daily
deposited
born digital
256 p.
Table of Contents:
AE 2.7:
GS 4.107:
AE 2.106:
KF70.A2
https://www.govinfo.gov/app/details/FR-2009-11-23
P0b002ee180111949
0097-6326
0042-1219
0364-1406
769-004-00000-9
000582072
f:FR23NO09
https://www.govinfo.gov/app/details/FR-2009-11-23
https://www.govinfo.gov/content/pkg/FR-2009-11-23/pdf/FR-2009-11-23.pdf
https://www.govinfo.gov/content/pkg/FR-2009-11-23/xml/FR-2009-11-23.xml
fdlp
61013
61258
DGPO
2009-11-21
2023-05-01
FR-2009-11-23
machine generated
eng
FR
FR-2009-11-23
74
224