WASHINGTON – The Securities and Exchange Commission’s proposed large trader reporting system would seriously hinder large floor traders and brokerages, according to industry executives.
"The biggest issue with block trading is information leakage," said Mark Van Meter, head of equity trading at Victory Capital Management, at the Mutual Fund Directors Forum’s 10th Annual Policy Conference, on Critical Issues for Investment Company Directors. "Whenever you call your broker, you're showing your hand. Information is lost every time you tell someone."
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