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80-Year-Old Beats HFTs to Question Regulators on Treasuries

  • SEC is requesting comments on plan to collect trading data
  • Deadline for weighing in on Finra proposal is Aug. 15
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When it comes to writing to the U.S. Securities and Exchange Commission, it turns out an octogenarian was faster than any high-frequency trading firm.

The SEC has requested comments on a rule change, proposed by the Financial Industry Regulatory Authority, that would require brokers and some automated trading firms to report Treasuries trades on Trace, the agency’s bond-price reporting system, typically the day of the transaction. The information would be for “audit-trail purposes,” and not disseminated publicly.