Columnist Nick Paraskeva writes that SIFMA has asked the Securities and Exchange Commission to consider changing the self-regulatory status given to exchanges. SIFMA's Randy Snook said in a statement that "the current structure of the self-regulatory model is widely viewed to be outdated and in need of reform." However, the idea of changing the status quo faces a variety of challenges, Paraskeva writes. Register now for SIFMA's Market Structure Conference, scheduled for Oct. 17 in New York.
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