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Abstract
This white paper talks about the concept of ‘fast
market’ and ‘slow market’ in the context
of US securities market concentrating on Regulation
NMS and amendments introduced by Securities Exchange
Commission. According to Securities Exchange Commission,
a ‘fast market’ is the one where “order
is executed virtually simultaneous, immediate, and without
human intervention”. A ‘slow market’
is a non-automated order execution facility. This paper
tries to explain the implication the proposed regulation
will have on the US securities market. It captures details
of the regulation and the comments by the industry participants,
to analyze the pros and cons of the regulation and tries
to identify some business opportunities for IT companies
arising as a result of regulation changes.
Author
Giridhar Govardhan
To know more about Wipro in finance, go to www.wipro.com/finance
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