{"id":5332,"date":"2012-07-04T00:00:00","date_gmt":"2012-07-04T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/07\/nyse_euronext_head_wants_sec_t"},"modified":"2022-04-28T13:36:17","modified_gmt":"2022-04-28T18:36:17","slug":"nyse-euronext-head-wants-sec-t","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/nyse-euronext-head-wants-sec-t\/","title":{"rendered":"NYSE Euronext Head Wants SEC to Revive Rule Proposal Enhancing Dark Pool Transparency"},"content":{"rendered":"<p>NYSE Euronext (NYX) CEO Duncan Niederauer wants the Securities and Exchange Commission to act on a rulemaking proposal from 2009 that seeks to improve transparency in \u201cdark pools.\u201d Testifying in front of a House Financial Services Committee panel, Niederauer talked about how the dramatic increase in off-exchange trading has resulted in a U.S. equity market structure that continues to become more bifurcated. During the June 20 hearing, held by the committee\u2019s Capital Markets Subcommittee, participants looked at the U.S. equity market structure and how it affects competition and innovation.<\/p>\n<p>Dark pools, which are off-exchange private trading venues that don\u2019t show quotes to the public, are involved in about 15% of off-exchange trading. It was in 2009, even before the flash crash of May 6, 2010 that the SEC issued a proposal that would expose dark pools by making certain actionable order information subject to SEC quoting requirements. (The proposal also would substantially reduce the threshold volume that activates public display obligations for ATSs from 5% to .25%.)<\/p>\n<p>At the hearing, Niederauer pressed regulators and policy makers to even matters out between alternative trading systems and exchanges, while recommending the fair distribution across all trading pools of regulatory costs. He also suggested that national exchanges be given permission to avail of lighter disclosure requirements under Regulation ATS (Alternative Trading System), which regulates non-exchange trading venues.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/nyse-euronext-head-wants-sec-t\/\"  title=\"Continue Reading NYSE Euronext Head Wants SEC to Revive Rule Proposal Enhancing Dark Pool Transparency\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>NYSE Euronext (NYX) CEO Duncan Niederauer wants the Securities and Exchange Commission to act on a rulemaking proposal from 2009 that seeks to improve transparency in \u201cdark pools.\u201d Testifying in front of a House Financial Services Committee panel, Niederauer talked about how the dramatic increase in off-exchange trading has resulted in a U.S. equity market [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[],"class_list":["post-5332","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NYSE Euronext Head Wants SEC to Revive Rule Proposal Enhancing Dark Pool Transparency &#8212; Investor Lawyers Blog &#8212; July 4, 2012<\/title>\n<meta name=\"description\" content=\"NYSE Euronext (NYX) CEO Duncan Niederauer wants the Securities and Exchange Commission to act on a rulemaking proposal from 2009 that seeks to improve &#8212; July 4, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/nyse-euronext-head-wants-sec-t\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"NYSE Euronext Head Wants SEC to Revive Rule Proposal Enhancing Dark Pool Transparency &#8212; Investor Lawyers Blog &#8212; July 4, 2012\" \/>\n<meta name=\"twitter:description\" content=\"NYSE Euronext (NYX) CEO Duncan Niederauer wants the Securities and Exchange Commission to act on a rulemaking proposal from 2009 that seeks to improve &#8212; July 4, 2012\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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July 4, 2012","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/nyse-euronext-head-wants-sec-t\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nyse-euronext-head-wants-sec-t\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"NYSE Euronext Head Wants SEC to Revive Rule Proposal Enhancing Dark Pool Transparency","datePublished":"2012-07-04T05:00:00+00:00","dateModified":"2022-04-28T18:36:17+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/nyse-euronext-head-wants-sec-t\/"},"wordCount":535,"articleSection":["Miscellaneous"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/nyse-euronext-head-wants-sec-t\/","url":"https:\/\/www.investorlawyers.com\/blog\/nyse-euronext-head-wants-sec-t\/","name":"NYSE Euronext Head Wants SEC to Revive Rule Proposal Enhancing Dark Pool Transparency &#8212; 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