A Tale of Two Pilots: Maker-Taker and the Tick Pilot

by Ivy Schmerken, Editorial Director
Flextrade Blog

Senators conducting a hearing on U.S. equity market structure earlier this month vented their frustrations at the slow pace of regulatory change in equity market structure reforms.

At the March 3 hearing, lawmakers repeatedly cited delays in developing the consolidated audit trail, or CAT system, for market-wide surveillance, questioning to what extent progress has been made.

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