The Need for a Better Dialogue with Regulators – Ed Tilly, Cboe

Spencer Doar

Spencer Doar

Associate Editor

The SEC delayed its controversial Transaction Fee Pilot in the wake of litigation brought by Cboe, NYSE and Nasdaq, giving the exchanges a breather but not a full reprieve from the plan to test how rebates affect broker behavior. 

In this video from JLN’s Industry Leader Series, Cboe Global Markets Chairman, President and CEO Ed Tilly talks about why the Transaction Fee Pilot is a misguided effort in search of a problem, specifically raising the issue of why such a plan does not address the boom in dark pool trading. Tilly also addresses Cboe nearing the end of the Bats technology integration and gives an outlook for the exchange’s asset classes in 2019.

Produced by Mike Forrester

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