SEC Proposes Sweeping Changes for Stock Trading

Gary Gensler aims to enhance competition in the stock market by leveling the playing field for new entrants. This involves challenging the dominance of wholesalers and introducing an auction model for order processing. The changes face resistance from established firms, who argue the current system benefits all investors. The auction model will require exchanges to meet specific criteria, potentially altering business models.

In what ways do the proposed changes aim to create a fairer opportunity for new entrants in the market?

What challenges do alternative trading systems face in adapting to the new auction model?