Policy & Legal, Research

Equity Market Structure Reform – Process and Hurdles

John Sonsalla, SVP and Head of Strategy
15 December 2022


The Securities and Exchange Commission (SEC) voted yesterday to propose a slate of equity market structure reforms that were largely in line with our expectations and (if finalized) would have significant implications for brokers, wholesales, and exchanges, among others [Robinhood (HOOD), Charles Schwab (SCHW), Virtu Financial (VIRT), Citadel Securities (private), Nasdaq(NDAQ), and Intercontinental Exchange (ICE)].

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