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The SEC proposals lack reliable data to back them up, and have failed to consider market views
A recent decision from the European Parliament to ban the practice could influence regulators across the pond
Opponents disagree on the pros and cons of retail trading, and whether sufficient safeguards are in place
Detractors accuse the regulator of devoting unnecessary resources to a well-functioning system that benefits retail investors
A proposal from the SEC to process retail orders through auctions could significantly harm competition, putting investors at risk of poor execution
The absence of a ban on payment for order flow is in contradiction with chair Gensler’s original plans, sources claim
Payment for order flow divides opinion not just within markets but also across borders, revealing contrasting attitudes to risk