Friday August 16 2013
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Direct Edge, an equity exchange operator, has submitted a response to Brazil’s Comissão de Valores Mobiliários’s (CVM) request for comments, suggestions and opinions regarding the introduction of competition between trading platforms in Brazil. In support of the CVM’s proposal, Direct Edge offers evidence, information and studies the CVM may wish to consider in evaluating appropriate conceptual approaches.
The CVM’s request for consultation instructed respondents to specifically address the challenges of ensuring the integrity of best execution, market data distribution and self-regulation in a market with multiple exchange participants. Direct Edge has emphasised in its response that these are the appropriate areas of focus in evaluating regulatory changes to ensure a smooth operational implementation, minimize costs on brokers and other market participants, and maintain proper oversight and protection for investors.
Click on the above link for more details.