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

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