4 ms·
Let's say the US introduced a rule that required Uber to route an order to any "venue" with a "better" price. Litigate the details of "better" and "venue" late
by rmrfstar 6y ago
Let's say the US introduced a rule that required Uber to route an order to any "venue" with a "better" price. Litigate the details of "better" and "venue" later.
Do you seriously believe that no venue would pop up that yields the driver >70% of the trade price, allowing them to bid lower overall?
This is exactly what the SEC did with Reg NMS and transaction costs declined precipitously.
- saddlerustle 6y ago> This is exactly what the SEC did with Reg NMS and transaction costs declined precipitously. Citation needed - correlation is not causation. The research on this is mixed and plenty of people argue Reg NMS has increased transaction costs and reduced liquidity. It mostly acts as a subsidy to poorly run exchanges, and indeed the most efficient exchanges and the most liquid markets in some global products are now in Europe.
- deleted 6y ago[deleted]