Treasury market reforms draw flak from funds and high-speed traders

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The SEC is considering the proposal at a time when the largest buyer in the Treasury market, the Federal Reserve, shrinks its balance sheet.

Many of the largest high-speed traders, such as Citadel’s securities trading business along with Virtu Financial, DRW and Jump Trading have already voluntarily registered as dealers.

Under the proposed rules, firms other than mutual funds that trade more than $25bn a month in Treasuries would have to register as “dealers” with the SEC, subjecting themselves to greater capital requirements and more scrutiny.

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Author / Journalist: Kate Duguid

Category: MarketsFinanceInvesting

Topics: Treasury Trading Hedge Market Funds Regulatory Markets Traders Financial Rules

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 09:00:14

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 6 minutes read

Article Length: 919 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22528

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