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Wednesday, Aug 21
Options glitch at Goldman earlier this week gives heft to SEC push to regulate electronic trading
- Goldman's options-trading mishap earlier this week could bolster efforts by the SEC to more closely regulate systems that handle electronic trading, a push that exchanges and other financial-market participants have long pushed back against.
- The SEC proposed new rules in March designed to guard against the markets being roiled by haywire program trading in the wake of a series of meltdowns in recent years.
- While the current version of the proposal addresses technology only at exchanges and does not cover broker- dealers like Goldman, regulators have also sought input on whether they should be ultimately included in the rule.