Thoughts On Trade-At Rule

19

April, 2010

Somewhere along the line “payment for order flow” stopped being a negatively connoted term, and now we allow it in every facet of our securities market. We are against it. We should be for it, as a more murky executing environment makes for much greater reasoning to use Themis Trading, but it is just wrong-headed.  You can gage what we think by seeing our comments highlighted below.

A good synopsis of the Trade-At Rule portion of the SEC’s Concept Release, from the law firm of Wilmer Hale:

The Commission also appears to be considering the potential usefulness of a “trade-at” rule that

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