Commenting on Automated Systems Rule Extended 45 Days

The SEC has extended the comment period on its proposed Regulation Systems Compliance and Integrity
 for 45 days, to July 8. Securities exchanges and FINRA had asked for a 90-day extension.

SIFMA Names Judd Gregg CEO

The financial industry advocacy group named former New Hampshire governor and U.S. senator Judd A. Gregg as its next chief executive officer. Gregg is known for advocating bipartisan approaches to balancing the national budget.

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CFN Launches High-Speed Market Data, Access Service

CFN Services said it is launching a high-speed online service for receiving market data and connecting directly to market centers. Nasdaq OMX it will offer Smarsh archiving of email and electronic communications for compliance purposes. Tick Data s said it has been bought by its long-time management .

Nasdaq Won’t, FINRA Will Bid on Consolidated Audit Trail

Nasdaq OMX Group said it does not intend to submit a bid to build the audit trail of stock and options data being mandated by the SEC. FINRA, which operates the existing Order Audit Trail System, said it will.

10-Second Rule Adopted for Reporting Transactions

The SEC has approved FINRA’s proposal to require brokers to report details of equities transactions within 10 seconds of execution. The “manual nature” of an execution, however, will be taken into account.

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U.K. Authority Goes Live With Nasdaq Surveillance Technology

The Financial Conduct Authority has gone live in the United Kingdom with Nasdaq OMX's market surveillance platform. Koscom will use smartTrade’s Liquidity Management System to offer aggregation and smart order routing to its Korean clients. Numerix and Quarter are working together to develop instant analytics.

Andy Brooks' Modest Proposal for Equities Markets

How's this for a little experiment, says the head of U.S. equity trading for T. Rowe Price: No payments for orders, require price improvement of at least half the spread, and ... a minimum trade size for off-exchange orders.

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