GlobalTrading Podcast: Update on U.S. Equity Market Structure
Ray Ross and Joe Wald, Co-Heads of Market Structure at BMO Capital Markets, discuss current developments in U.S. equity market structure with GlobalTrading Editor Terry Flanagan.
Included in the conversation was an update on SEC Rule 606(b)(3), about which Greenwich Associates recently published a report.
Only mutual equivalence will allow firms to satisfy STO obligations at trading venues in both the EEA and UK.
A Trump defeat is unlikely to lead to an unwind of the US equity gains in the past four years.
Indices measuring global bond markets have also grown over the past two years.
International trading members generate the majority of trading turnover.
The bank has reduced its total cost of ownership with the new platform.