Analysis: Exchanges are against reporting most glitches

09/3/2013 | Economist (tiered subscription model), The

Banks and securities exchanges are resisting a Securities and Exchange Commission proposal that would require them to report technical problems that aren't serious enough to shut down trading, according to The Economist. "America's regulators are often accused of being heavy-handed," the magazine notes. "But forcing more transparency on the black boxes that have replaced screaming humans on Wall Street must be a good thing."

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Economist (tiered subscription model), The

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