Securities and Exchange Commission:

Regulation of Exchanges and Alternative Trading Systems

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

Multimedia:

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

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.

Oct 6, 2014

Sep 17, 2014

Aug 5, 2014

Jul 31, 2014

Jun 18, 2014

Apr 29, 2014

Apr 7, 2014

Jan 8, 2014

Dec 11, 2013

Looking for more? Browse all our products here