A Volcker Rule approved in its
proposed form would dramatically affect
liquidity in US equity markets, Goldman Sachs’
head of US equities trading has said.
The planned limit on bank capital used for proprietary
trading will impact liquidity in securities generally, but it
exacerbates equity markets’ existing liquidity and
volatility issues being tackled through the Securities and
Exchange Commission’s (SEC)
market structure reforms.
Speaking at last week’s Securities Industry and
Financial Markets Association (Sifma) annual meeting, Goldman
Sachs’ Paul Russo...