Editor’s Note: Mary Jo White
is Chair of the U.S. Securities and Exchange Commission. This post is based on Chair White’s remarks to the Sandler O’Neill & Partners, L.P. Global Exchange and Brokerage Conference; the full text, including footnotes, is available here
. The views expressed in this post are those of Chair White and do not necessarily reflect those of the Securities and Exchange Commission, the other Commissioners, or the Staff.
It is great to be here with you in New York to speak about our equity market structure and how we can enhance it.
While I know your views on particular issues may differ, you all certainly appreciate that investors and public companies benefit greatly from robust and resilient equity markets.
During my first year as Chair, not surprisingly, I have heard a wide range of perspectives on equity market structure, reflecting its inherent complexity, the relationships among many core issues, as well as the different business models of market participants. To frame the SEC’s review of these issues, I set out last fall certain fundamentals for addressing market structure policy. One of those is the importance of data and empirically based decision-making. At that time, we launched an interactive public website devoted to market structure data and analysis drawn from a range of sources. The website has grown to include work by SEC staff on important market structure topics, including the nature of trading in dark venues, market fragmentation, and high-frequency trading.
…continue reading: Enhancing Our Equity Market Structure