Securities Market Asia

Ex NYSE Chief: Regulation NMS was a sad, sad experiment

In this weekend’s look back at the news, Dick Grasso, who presided over the New York Stock Exchange between 1995 and 2003, told hosts of Wall Street Week that the SEC’s 2005 adoption of Regulation NMS was a “sad, sad experiment.” The interview, which was taped Friday, as first reported by The Wall Street Journal, covered a lot of ground, […]