Apr. 17, 2023
April 17, 2023 The proposal to include a definition of trading interest within Exchange Act Rule 3b-16 and replace orders with trading interest will greatly benefit the Commission and the market. It will provide regulatory transparency by clarifying what the SEC considers satisfactory methods of bringing together buyers and sellers, as well as define said methods so as to clear up any uncertainty there may have previously been. Moreover, the improvement will be useful in bringing Communication Protocol Systems under the regulatory reform.