SEC EMSAC Recommendations; Reg NMS; Trading Venues Regulation

STA Issues:
Recommendations made by SEC Equity Market Structure Advisory Committee (“EMSAC”) Subcommittees at April 26, 2016 meeting:
-Regulation NMS Subcommittee; Access Fee/Liquidity Rebates Pilot
-Trading Venues Regulation Subcommittee; Changes to Regulation NMS Plan governance
structure

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