SEC to consider rules that boost transparency of high-frequency trading firms – SEC chair Gensler

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Gary Gensler, speaking at the New York Federal Reserve, said the rules would likely mandate PTFs, also known as high-frequency trading firms, to report their trades to FINRA’s Trade Reporting and Compliance Engine (TRACE).

The head of the market’s regulator added that such trading firms should also comply with capital and record-keeping rules and be subject to periodic exams much like equities and corporate bond markets.