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IPFS News Link • Technology: Software

SEC Commissioner states blockchain could 'revolutionize regulators' approach'

• http://bravenewcoin.com, by Luke Parker

The Commission has been trying to build a CAT system, which would be one of the largest databases in the world, to comprehensively track markets across various venues and systems, providing increased transparency and better access to critical data.

Once built, the system would track every stock quote, order, and trade, including the time and location of transactions, the handling broker information, as well as the customers they represent. It will pull data from US public stock and options exchanges, as well as private trading venues known as dark pools.

Dark pools were originally created to help institutional investors trade large blocks of securities at the best possible price, away from public eye. According to Commissioner Stein, studies have shown that the average trade at these private exchanges is for less than 200 shares.


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