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Sidley publishes client update on preparations for expanded trading hours
Sidley Austin published a client update on the SEC’s September 17 roundtable about preparations for 24-hour trading. The firm’s analysis examined the regulatory and operational questions raised by longer market hours, including execution quality, supervision, staffing, securities lending, resilience and the timing of issuer disclosures.
Key points
- Sidley’s update discussed the planned December 6 expansion of securities information processor operating hours.Sidley Austin
- The publication examined overnight price bands and possible implications for corporate actions.Sidley Austin
- Sidley included a discussion of domestic overnight staffing and international follow-the-sun models.Sidley Austin
- The update identified Andrew Blake, Hardy Callcott and Kevin Campion among the firm’s contacts for the subject.Sidley Austin