The latest buy-side comments on the SEC’s proposal to rescind Rule 611 of Regulation NMS show a split over how much flexibility institutional investors need when executing orders and how much price protection should remain in the market. Vanguard, Fidelity Investments and T. Rowe Price all supported rescinding the trade-through rule in comments filed on August 17, while the Managed Funds Association argued against the proposal in its current for…
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The proposal to abolish protection in force since 2005 was the subject of a consultation which was completed on 17 August. Hedge funds and managers are slamming a long-standing project by Paul Atkins, President of the US regulator.