WASHINGTON — Self-regulatory organizations (SROs) for the equities and options markets have been working with the Securities and Exchange Commission (SEC) staff on their collective plans to strengthen the resilience, performance, disaster recovery capability and governance of the critical infrastructure of the US capital markets, including the Securities Information Processors (UTP, CTA and OPRA).
The SROs have come to general agreement on certain recommendations and preliminary implementation timetables in response to the September 12, 2013 meeting between leaders of the equities and options exchanges, FINRA, DTCC and Options Clearing Corporation and SEC Chair Mary Jo White.
Specific details of the SROs' proposals will be presented in subsequent SRO rule filings and NMS Plan Amendments and will be subject to public comment and SEC approval. The multi-pronged proposals address each of the following areas identified in the SEC's September 12, 2013, press release:
The self-regulatory organizations have been working collaboratively in developing these recommendations. We look forward to continuing dialogue and engagement with the Commission and the industry as we work collectively to finalize and execute on these recommendations.
For media inquiries, here is contact information for each Self-Regulatory Organization:
|BATS Global Markets||Randy Williams |
|BOX Exchange||Janice Foley|
|Chicago Board Options Exchange||Gail Osten|
|Chicago Stock Exchange||Dave Herron|
|Direct Edge||James Gorman|
|Financial Industry Regulatory Authority||George Smaragdis|
|International Securities Exchange||Molly McGregor|
|MIAX Options||Dominique Prunetti-Miller |
|National Stock Exchange||Francis Corcoran|
|NASDAQ OMX||Joe Christinat|
|NYSE Euronext||Eric Ryan|