FINRA Expands Role Overseeing Equities Markets

FINRA

On May 22, FINRA announced that it was selected by Direct Edge, the third largest U.S. stock exchange operator, to provide market surveillance services on behalf of Direct Edge’s two licensed stock exchanges. The agreement extends FINRA's surveillance oversight to more than 90% of U.S. equities trading volume. With this agreement, all of Direct Edge's third-party regulatory services will be consolidated with FINRA.