2014-11-19 — marketwatch.com
The Commission voted to adopt rules on Regulation Systems Compliance and Integrity, which requires self-regulatory organizations, securities exchanges, registered clearing agencies and significant alternative trading systems, to establish policies and procedures to help ensure that systems have capacity, integrity and resiliency.... During the meeting, Commissioners highlighted the need for these regulations in light of numerous technical glitches that have occurred in recent years, including the 2010 flash crash, the 2012 glitch from Knight Capital that led to a $461 million loss and the 2013 shutdown of the Nasdaq tape.
...
Fellow Democratic Commissioner Kara Stein also stated concern about leaving out broker dealers and many alternative trading centers that trade equities and fixed income securities.
"I am disappointed in this missed opportunity because so many important trading centers are left out," Stein said, adding the regulation ignored intraday proprietary trading firms.
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