Securities and Exchange Commission:

Regulation of Exchanges and Alternative Trading Systems

OGC-99-28: Published: Jan 6, 1999. Publicly Released: Jan 6, 1999.


Additional Materials:


Office of Public Affairs
(202) 512-4800

Pursuant to a legislative requirement, GAO reviewed the Securities and Exchange Commission's (SEC) new rule on the regulation of exchanges and alternative trading systems (ATS). GAO noted that: (1) the rule would allow ATS to choose whether to register as national securities exchanges, or to register as broker-dealers, depending on their activities and trading volume; (2) in addition, Regulation ATS will require alternative trading systems that trade a certain volume of securities to make their best prices known to the public and allow non-subscribers access to those prices; (3) the final rule would also amend Rules 6a-1, 6a-2, and 6a-3 regarding registration as a national securities exchange; and (4) SEC complied with applicable requirements in promulgating the rule.

Nov 3, 2015

Sep 4, 2015

Jul 30, 2015

Jul 27, 2015

Jun 25, 2015

Jun 11, 2015

May 22, 2015

May 5, 2015

Apr 30, 2015

Apr 15, 2015

Looking for more? Browse all our products here