SEC Plans To ID Large Traders, Limit Options Fees

Law360, New York (April 14, 2010, 7:04 PM EDT) -- The U.S. Securities and Exchange Commission voted on Wednesday to implement a new reporting system to track the effects of large traders on the increasingly complex securities exchanges and introduced rules aimed at promoting equal access to listed options.

The large trader proposal, which is subject to public comment and a final vote, would allow the SEC to quickly identify major trading players, gather information on their transactions and analyze the impact of their trading activity, the agency said.

The SEC's definition of “large trader” includes...
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