U.S. SEC votes to advance stock market overhaul proposals

NEW YORK, Dec 14 (Reuters) – The U.S. Securities and Exchange Commission on Wednesday voted to propose some of the biggest changes to American equity market structure in nearly two decades, aimed at boosting transparency and fairness while increasing competition for individual investors’ stock orders.

The proposals include requiring marketable retail stock orders to be sent to auctions before they are executed, a new standard for brokers to show they get the best possible executions for client orders, and lower trading increments and access fees on exchanges, the SEC said.

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“We feel that these reforms, if enacted, will ultimately help the price discovery process and save investor’s money,” said Joe Saluzzi, co-manager of trading at Themis Trading.



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