The SEC’s equities overhaul: Necessary plumbing changes or a liquidity drain?
The TRADE
AUGUST 21, 2023
If firms can employ better technology to profitably provide tighter spreads for the most liquid securities, then we should encourage, not thwart, that evolution.” According to 606 reports gathered by the SEC, Citadel Securities forked out $2.6 billion and Virtu which spent $654 million in the same period.
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