SEC Adopts Significant Changes to Regulation ATS

On July 18, 2018, the Securities and Exchange Commission (SEC or Commission) voted unanimously to adopt significant amendments to Regulation ATS (Reg ATS). The amendments, which impose heightened public disclosure requirements on alternative trading systems (ATSs) that trade national market system stocks (NMS Stock ATSs), are designed to enhance operational transparency, expand the Commission’s oversight and limit potential conflicts of interest relating to these trading venues.

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