Wall Street Regulator Proposes Scrapping Order Protection Rule

AI Summary

The Wall Street regulator has proposed eliminating the 'order protection rule', which mandates that trading venues protect against price discrepancies for orders occurring at the same time. This rule impacts market structure and could lead to increased volatility in stock prices. The effectiveness of the rule in maintaining fair trading practices has been questioned. This regulation change, if enacted, may result in adjustments by firms to their trading strategies and could affect investor confidence.