US trading systems ‘holding up well,’ top Securities and Exchange Commission official says
Traders do the job on the flooring at the New York Inventory Trade (NYSE) in New York, U.S., March 2, 2020.
Brendan McDermid | Reuters
The crazy industry volatility has put unprecedented worry on the U.S. and international trading technique.
Friday saw the major greenback volume investing for U.S. equities in background: $984 billion changed arms, in accordance to Goldman Sachs, just about a few situations typical ranges.
That type of buying and selling quantity catches the notice of the Securities and Trade Commission.
Brett Redfearn, the SEC’s director of the Division of Buying and selling and Markets, has been checking buying and selling to make sure the method is running effortlessly. His verdict: “The actuality is, offered the file volume of trafficking, the procedure is keeping up well.”
Redfearn also stated the SEC has been in common contact with other U.S. government agencies, which include the Federal Reserve and Section of Treasury, as perfectly as banking companies, asset managers, and current market makers.
We’ll dive into this subject matter far more tomorrow with Brett Redfearn on Squawk Alley at 11 a.m. We will converse how the SEC is monitoring market volatility, how nicely the investing systems are keeping up, and coordination with other authorities companies.
That is exclusively on CNBC.
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