The FRTIB posted their proposed rule on trading curbs on March 10th. The final rule was issued today, effective May 1. In effect, despite 290 comments opposed and only 31 comments in favor, the FRTIB moved ahead with their proposal, without change. Clearly, their "mind" was made up last year and the negative comments had no effect other than to have the FRTIB defend their position more vociferously. Changes can now be made only through the legislative process. Do YOU agree with this new trading rule?
