U.S. SEC gets ready to propose changes to stock market operations – WSJ

(Reuters) – The U.S. Securities and Change Fee (SEC) is making ready to suggest huge modifications to the inventory market that would reshape the way it operates, the Wall Avenue Journal reported on Monday, citing folks conversant in the matter.

Staffers on the SEC have begun floating plans with market contributors in latest weeks, with Chairman Gary Gensler planning to element just a few of the potential modifications in a speech on Wednesday, the report mentioned.

The SEC didn’t instantly reply to a request for remark from Reuters.

One suggestion by the SEC workers that has gained traction is to require brokerage corporations to have majority of particular person buyers’ orders routed into auctions the place buying and selling corporations compete to execute them, the WSJ mentioned.

SEC officers are additionally aiming to scale back the utmost payment that exchanges can cost brokers to entry their quotes, the report added.

(Reporting by Praveen Paramasivam in Bengaluru; Modifying by Shinjini Ganguli)