But, it is a fair critique, not of you all, but some of the exchanges, that their first round of proposals were more about preserving their own commercial interest than actually trying to figure out how we can bring more trading frequency and liquidity to smaller cap stocks.
Warner critiques exchanges for prioritizing their interests over market liquidity.
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We should be building on the progress we’ve made instead of walking away from a framework that has guided restoration efforts for more than 15 years.
I’m making the bet that after the midterms there’s going to be a much greater willingness to come to the table and get things done.
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