Legal & Regulation

TRADING

Old Mission expands to offer institutional services

Old Mission expands to offer institutional services

Market maker Old Mission has obtained a brokerage license modification for its Old Mission Markets’ subsidiary from Financial Industry Regulatory Authority, which will enable Old Mission Markets to begin offering trading services directly to buy-side institutions and ETF issuers later this year, complementing the firm’s existing market making business conducted through the Old Mission Capital broker-dealer.

Regulatory news

SEC adopts new rule on ETFs

SEC adopts new rule on ETFs

The US regulatory body the SEC has announced that it has voted to adopt a new rule and form amendments that are designed to modernise the regulation of ETFs, ‘by establishing a clear and consistent framework for the vast majority of ETFs operating today’.