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From: Suzanne Shatto
SECURITIES AND EXCHANGE COMMISSION 1) government bodies should have prompt access upon request. regulators should not need to request data but have continuous access to data. this is a public market and is supposed to serve the needs of the community. placing orders deserves no privacy from regulators or interested government entities. there is no secret/copyrighted strategies deserving of protection from regulatory interest. 2) any regulator that needs access deserves to get access. the alternative means that the exchange should be replaced with a publicly run entity. exchanges, brokers and traders have violated the public trust with their secret order types, their premium access, their co-location, their buying of order flow from brokers. none of that is in the public interest. all of it impacts peoples' investment capital negatively. 3) i would be amenable to foreign regulators having access to exchange data also. foreign regulators should request such access through US regulators, so that the US regulators know of the scope of the request. 4) academic interests should also be accommodated, after they request from a US regulator.
-- Suzanne Hamlet Shatto |