Thomas Caldwell has invested in stock exchanges around the world for decades, and he thinks the Securities and Exchange Commission won't wait very long to approve the merger of BATS Global Markets and Direct Edge Holdings LLC.
Caldwell, chairman of Toronto-based Caldwell Securities Ltd., said the SEC inadvertently created a monster when it passed new regulations under the National Market System that led to about 65 exchanges operating in the United States. Those are the same rules that led to the…
Thomas Caldwell has invested in stock exchanges around the world for decades, and he thinks the Securities and Exchange Commission won't wait very long to approve the merger of BATS Global Markets and Direct Edge Holdings LLC.
Caldwell, chairman of Toronto-based Caldwell Securities Ltd., said the SEC inadvertently created a monster when it passed new regulations under the National Market System that led to about 65 exchanges operating in the United States. Those are the same rules that led to the…