Stock Market Operators Ask SEC for Unsupervised Access Rule Delay

Bloomberg reports that the New York Stock Exchange, Nasdaq, Bats Global Markets, and Direct Edge Holdings issued a joint letter to the Securities and Exchange Commission requesting that the July 14 ban on unsupervised market trading be delayed until November 30. The rules, adopted as part of the Dodd-Frank Act implementation, regulate how brokers send orders to venues, and would ban unfiltered access to the markets.