SEC reopens comment period on flash order proposal
As we discussed in our post of September 18, 2009, the U.S. Securities and Exchange Commission published a proposal last year to eliminate the exception under Rule 602 of Regulation NMS under the Securities Exchange Act of 1934 for the use of flash orders by equity and options exchanges.
On July 2, the SEC reopened the comment period on the proposal for 30 additional days.
