Jamie Selway, head of the SEC’s Division of Trading and Markets, included tokenized securities on a list of emerging trading tools.
The changes he described include a gradual shift toward round-the-clock trading, the arrival of tokenized securities and perpetual contracts, the upcoming implementation of central clearing in the U.S. Treasury market, and ongoing discussions about reforming the core mechanisms of the National Market System (NMS). Meanwhile, retail investors and passive investment managers have more influence than at any time in the past. With more data available, he said, the main research challenge has shifted from obtaining differentiated data to handling ever-expanding datasets. The SEC will therefore promote better use of advanced intelligent tools and strengthen collaboration with academia. DERA has relaunched its Visiting Scholars Program.
· Selway presented the tools and clearing arrangements above at the same event, but did not provide a specific timeline for implementation.
· The shift in research methods reflects a direction set by the SEC itself and does not involve price predictions for any asset.
Which rule concerning tokenized securities would you most like to understand first?
The changes he described include a gradual shift toward round-the-clock trading, the arrival of tokenized securities and perpetual contracts, the upcoming implementation of central clearing in the U.S. Treasury market, and ongoing discussions about reforming the core mechanisms of the National Market System (NMS). Meanwhile, retail investors and passive investment managers have more influence than at any time in the past. With more data available, he said, the main research challenge has shifted from obtaining differentiated data to handling ever-expanding datasets. The SEC will therefore promote better use of advanced intelligent tools and strengthen collaboration with academia. DERA has relaunched its Visiting Scholars Program.
· Selway presented the tools and clearing arrangements above at the same event, but did not provide a specific timeline for implementation.
· The shift in research methods reflects a direction set by the SEC itself and does not involve price predictions for any asset.
Which rule concerning tokenized securities would you most like to understand first?
