Reuters – U.S. securities regulators are studying whether more proprietary high-speed trading firms should register as broker-dealers, which would subject them to greater oversight, a U.S. Securities and Exchange Commission official said on Friday [Feb. 21].
Speaking at the Practicing Law Institute’s annual SEC Speaks conference, John Ramsay, the outgoing acting director of the SEC’s Trading and Markets Division, said that whether certain high-speed proprietary trading firms should be formally registered as brokers “is something we are looking at carefully.”
