Blogs by Spencer Mindlin

March 20, 2020

Watching the markets and trying to navigate the volatility stemming from the COVID-19 pandemic can be gut-wrenching. Daily trading volume is breaking new records and has tripled since last month from about 6 billion shares to 18 billion shares. I wouldn’t want to tempt fate, but the U.S. markets, from an infrastructure and technology standpoint, are functioning without major issues. Market-makers have, in most cases, stepped up to provide the additional liquidity.

January 9, 2019

As the sun rises on 2019, it will also be shining on a new equities exchange application. The launch of Members Exchange (MEMX), founded by a consortium of nine financial services firms, was announced this week, and according to the press release, it will apply for U.S. Securities and Exchange Commission (SEC) approval in early 2019. Given the IEX exchange application approval and the public fights between the incumbent exchanges and their members, the introduction of a new exchange application should be no surprise.

April 20, 2016

The first sets of preliminary recommendations by the subcommittees of the Securities and Exchange Commission's Equity Market Advisory Committee were released yesterday on the SEC's website. The full 17-member committee is scheduled to reconvene for the fourth time on April 26, 2016 at SEC headquarters in Washington, D.C.