Pensions & Investments: Institutions at Odds With Retail Over SEC’s Order Protection Rule

By Jen Fagenson

May 1, 2017

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Rick Baert of Pensions & Investments writes on the Securities and Exchange Commission’s Order Protection Rule impact on institutional and retail investors. As the institutional vs. retail tug-of-war is being played out in the SEC’s Equity Market Structure Advisory Committee, Rick spoke with Dash’s CEO Peter Maragos.

“Institutions look for liquidity at the right price with minimal impact on the market. They like to put up large blocks and get fair prices on them. They shouldn’t be impacted because of their large footprint. They also want to trade easier. OPR did the opposite; it caused the proliferation of more exchanges. It’s the biggest cause of the fragmentation of the equity market,” added Peter Maragos, CEO of Dash Financial Technologies, a New York-based trading technology and analytics provider.

To read the full article, click here.