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  • Direct Edge Regulatory Notice #14-01: Amendments To Rule 12.6 Prohibiting Trading Ahead Of Customer Orders

    Date 03/04/2014

    EDGA Exchange, Inc. (“EDGA”) and EDGX Exchange, Inc. (“EDGX”, and collectively with EDGA each referred to as the “Exchanges”) would like to inform its Members of recent changes to Rule 12.6, formerly entitled “Customer Priority” and now entitled “Prohibition Against Trading Ahead of Customer Orders.”  The changes adopted to Rule 12.6 make such Rule substantially the same to FINRA Rule 5320 and BATS Rule 12.6.  The effective date of the revised Rule is April 21, 2014.

  • Canadian Regulators Enter Into Agreement With CFTC To Enhance Cross-Border Supervision

    Date 03/04/2014

    The Alberta Securities Commission (ASC), the British Columbia Securities Commission (BCSC), the Ontario Securities Commission (OSC), and the Autorité des marchés financiers (AMF) have entered into a Memorandum of Understanding (MOU) with the U.S Commodity Futures Trading Commission (CFTC) aimed at enhancing the cross-border supervision of firms that operate in both countries.

  • TSX Markets: Top 20 Largest Consolidated Short Position Report - March 31, 2014

    Date 03/04/2014

    Please find below the Top 20 Largest Consolidated Short Position Report Highlights. The report is produced twice monthly, effective the 15th and the end of each month. The report below covers the 2-week period ending March 31, 2014.

  • Remarks Before The SEC/Academy Of Finance Shadowing Program, SEC Commissioner Daniel M. Gallagher, Washington, D.C., April 3, 2014

    Date 03/04/2014

    Thank you, Tyler [Kirk], for that especially kind introduction. Tyler, like myself, is a former SEC intern.  We’ve also both had the privilege of working for a former Commissioner, in my case, Commissioner Paul Atkins, and in his case, Commissioner Elisse Walter.  Tyler exemplifies the dedication and talent of the SEC staff, and the Commission is truly lucky to have Tyler as an IM staffer today.

  • BATS Global Markets Clarification Regarding Market Data Usage

    Date 03/04/2014

    BATS Global Markets wishes to clarify the market data usage of its exchanges.  With respect to routing, EDGA & EDGX use direct depth-of-book data feeds for all major exchanges, and data from the relevant securities information processor (SIP) for certain smaller exchanges.  With respect to the matching engine, EDGA & EDGX currently use the SIP, but will be transitioning to direct feeds from all major exchanges in January 2015 as previously discussed at www.bats.com/edgeintegration.  BATS’ BZX and BYX exchanges currently use direct feeds for both routing and its matching engine from all major exchanges, and SIP data from certain smaller exchanges.