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STANY is the voice of the trading community in the Great New York City area. STANY represents individuals, engaged in the buying, selling and trading of securities. STANY does not represent a single business or business model, but rather provides a forum for trading professionals from institutions, broker-dealers, ECNs, ATSs and systems providers to share their unique perspectives on issues facing the securities markets. Our members work together to promote their shared interest in efficient, liquid markets, as well as their concern for investor protection. We believe that strong and efficient markets require an appropriate balance between effective regulation and innovation and competition.
Stories of interest highlighted are do not necessarily reflect the opinions of the STANY Board or the membership. We hope that you will find the articles chosen to be of interest and the links to the left to be a quick resource to other news stories and market information.
Industry Response to Unusual Trading of May 6th
SEC to File Limit Up Limit Down Rules April 6, 2011 On Wall Street article discussing the proposal SEC Announcement of Limit Up Limit Down Proposal
SEC Chairman, Mary Schapiro's Testimony on the Events of May 6th Click here for the May 20th testimony.
SEC to Publish for Public Comment Stock-by-Stock Circuit Breaker Rule Proposals. Click here for press release May 18, 2010.
STANY's letter to SEC Chairman Mary Schapiro and the Senate Banking Committee STANY supplemental letter May 6 2010
Knight's Perspective on the market event of May 6, 2010 from Thomas M. Joyce, Chairman & CEO, Knight Capital Group Click Here.
SEC's statement on the events of May 6th Click here.
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