May 16, 2014
“It's not fundamentally necessary to have a rule that people trade on any exchange. One alternative possibility is simply requiring broker-dealers be responsible to provide best execution and letting broker-dealers decide the mechanisms around how they do that." To read more, click here.
- Steven Lofchie, co-chair of Cadwalader’s Financial Services Group, comments to IFLR on the connection between Regulation NMS and high-frequency trading (HTF).