FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet, a Nomura company. What is an exchange?

Public exchanges ensure fair transactions between buyers and sellers by providing information about recent transaction prices, current bid and ask prices, and trading volumes. Stocks, bonds and other ...

The SEC on Friday voted to reopen the comment period on a proposal that would expand the definition of "exchange" under Rule 3b-16 of the Securities Exchange Act of 1934. The proposal, unveiled in ...

SIFMA provided comments to the U.S. Securities and Exchange Commission (SEC) on the proposed amendments to the Exchange Act. The Proposal seeks to amend Regulation ATS and Rule 3b-16 under the ...