02.05.2021

US Regulators Discuss Market Functionality

02.05.2021
Market Volatility Boosts Options Volume

Secretary of the Treasury Janet L. Yellen convened a meeting with the heads of the Securities and Exchange Commission, Federal Reserve Board, Federal Reserve Bank of New York, and Commodity Futures Trading Commission to discuss recent financial market volatility.

They discussed market functionality and recent trading practices in equity, commodity and related markets. The regulators believe the core infrastructure was resilient during high volatility and heavy trading volume and agree on the importance of the SEC releasing a timely study of the events.

Further, the SEC and CFTC are reviewing whether trading practices are consistent with investor protection and fair and efficient markets.

Source: US Treasury

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Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:

SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:

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