Instinet urges SEC to scrap trade-through reforms

Instinet, an electronic share-trading platform, has asked the US Securities and Exchange Commission to rethink plans for a strict trade-through rule, which aims to guarantee best-price execution across exchanges.

In a letter to the regulator, Edward Nicoll, chief executive of the platform, said: "Instinet does not believe that a strict trade-through rule, such as that proposed by the commission, is in the best interests of investor or the markets."

WSJ Logo
Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire