SEC ramps up pressure on exchanges over technical glitches

09/25/2013 | Reuters · Bloomberg Businessweek

Mary Jo White, head of the Securities and Exchange Commission, told members of the financial industry Tuesday that technological failures in the marketplace are unacceptable. "The key is a zero-tolerance objective," White said. "We obviously know that in any system you are going to have issues, and you also need to have a very robust way to respond, a very quick way to respond, a good way to communicate when you actually do have an incident." White also set high standards for the SEC when it comes to enforcing the financial industry's rules and regulations, calling for the agency to be "bold, unrelenting, but fair." Participants in SIFMA's 14th Annual Market Structure Conference Oct. 17 in NYC will benefit from greater insight into the current state-of-play in market structure. Register today.

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Reuters · Bloomberg Businessweek

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