Market structure should evolve with the markets it serves.
Some of the questions we worked through with Douro Labs in Beyond Reg NMS are showing up in the Commission's proposal, which is genuinely encouraging.
Credit to Chairman Atkins and the SEC for running an open process.
Still early, but the direction is right.
Grateful to SEC leadership and staff for engaging seriously with the market-structure questions raised by Pyth contributor Douro Labs and other market participants.
The SEC’s proposal to rescind Reg NMS Rule 611 and Rule 610(e) is an important step in that conversation.