The chairman of the Financial Industry Regulatory Authority (FINRA) Tuesday called for the creation of a single repository of data on all trades on all markets so that the financial industry could be “surveilled by a unified single regulator.”
The database would provide “fully sequenced” information on the execution, clearing and settlement of trades in all types of securities on all venues extant, said Rick Ketchum, chairman and CEO of FINRA, tthe largest independent securities regulator in the United States.
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