Are quote-driven markets making a comeback?
New industry roundtables may lead to new pilots.
Are regulators pushing a market-structure solution to an investment problem?
Competing consolidated tapes will lead only to a mess.
Disused exchange medallions may spring back to life.
The proposal raises dissemination caps and adds large-trade delays.
The exchange operator eyes a mid-August debut.
But how useful will the results be?
The new working group hits the ground running.