Exchange leaders say GameStop saga highlights regulatory challenges

Reuters2021-03-17

By John McCrank

NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp and other so-called "meme" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.

"The regulatory structure of the U.S. equity markets, in my mind, is flawed," Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc , said on a panel at the Future Industry Association's virtual FIA Boca conference.

Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.

In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.

At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders.

The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.

"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure," Sprecher said.

The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.

Market manipulation, when it comes to retail investors' online activity, has not been defined, which is "concerning," said CME Group CEO Terry Duffy.

He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.

"People want to be in charge of their own destiny," he said.

(Reporting by John McCrank; Editing by Richard Chang)

((john.mccrank@thomsonreuters.com Twitter @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

trojan1337
2021-03-17
trojan1337
Wow.. they mentioned retail investors 'manipulate market', 100 million people with $1, vs 100 person with 1million dollar, who has a greater capacity to manipulate the market....?
SSMH
2021-03-17
SSMH
Diamond hands baby
- Bulbul:
  Apes unite, to the moon!
Cinnamoon
2021-03-17
Cinnamoon
It's only legal of they win. Authoritarian nonsense. Since when was it allowed to naked short companies over 100% of its shares?
YK_
2021-03-17
YK_
Haha
StormsRiders
2021-03-17
StormsRiders
SEC is a joke.
- YK_:
  Yes

Leave a comment

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(Reporting by John McCrank; Editing by Richard Chang)((john.mccrank@thomsonreuters.com Twitter @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":324612391,"gmtCreate":1615989356913,"gmtModify":1704789398641,"author":{"id":"3574916293171379","authorId":"3574916293171379","name":"trojan1337","avatar":"https://static.tigerbbs.com/943a776c7741ee5cc4d67b3592fbb000","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":6,"crmLevelSwitch":1,"idStr":"3574916293171379","authorIdStr":"3574916293171379"},"htmlText":"Wow.. they mentioned retail investors 'manipulate market', 100 million people with $1, vs 100 person with 1million dollar, who has a greater capacity to manipulate the market....?&nbsp;","listText":"Wow.. they mentioned retail investors 'manipulate market', 100 million people with $1, vs 100 person with 1million dollar, who has a greater capacity to manipulate the market....?&nbsp;","text":"Wow.. they mentioned retail investors 'manipulate market', 100 million people with $1, vs 100 person with 1million dollar, who has a greater capacity to manipulate the market....?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324612391","repostId":2120977984,"repostType":2,"repost":{"id":"2120977984","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615923730,"share":"https://ttm.financial/m/news/2120977984?lang=&edition=fundamental","pubTime":"2021-03-17 03:42","market":"us","language":"en","title":"Exchange leaders say GameStop saga highlights regulatory challenges","url":"https://stock-news.laohu8.com/highlight/detail?id=2120977984","media":"Reuters","summary":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    a","content":"<html><body><p>By John McCrank</p><p>   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.</p><p>   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.</p><p>   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.</p><p>   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.</p><p>   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders. </p><p>   The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.  </p><p>   \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.</p><p>   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.</p><p>   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.   </p><p>   He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.</p><p>   \"People want to be in charge of their own destiny,\" he said.</p><p> (Reporting by John McCrank; Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exchange leaders say GameStop saga highlights regulatory challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExchange leaders say GameStop saga highlights regulatory challenges\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-17 03:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>By John McCrank</p><p>   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.</p><p>   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.</p><p>   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.</p><p>   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.</p><p>   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders. </p><p>   The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.  </p><p>   \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.</p><p>   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.</p><p>   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.   </p><p>   He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.</p><p>   \"People want to be in charge of their own destiny,\" he said.</p><p> (Reporting by John McCrank; Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","ICE":"洲际交易所"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120977984","content_text":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders.    The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.     \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.      He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.   \"People want to be in charge of their own destiny,\" he said. (Reporting by John McCrank; Editing by Richard Chang)((john.mccrank@thomsonreuters.com Twitter @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":324872217,"gmtCreate":1615987443539,"gmtModify":1704789345854,"author":{"id":"3573197688568215","authorId":"3573197688568215","name":"SSMH","avatar":"https://static.tigerbbs.com/4ecd9c32a6b0ec3212dd1594f9ac9fd3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573197688568215","authorIdStr":"3573197688568215"},"htmlText":"Diamond hands baby","listText":"Diamond hands baby","text":"Diamond hands baby","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/324872217","repostId":2120977984,"repostType":2,"repost":{"id":"2120977984","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615923730,"share":"https://ttm.financial/m/news/2120977984?lang=&edition=fundamental","pubTime":"2021-03-17 03:42","market":"us","language":"en","title":"Exchange leaders say GameStop saga highlights regulatory challenges","url":"https://stock-news.laohu8.com/highlight/detail?id=2120977984","media":"Reuters","summary":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    a","content":"<html><body><p>By John McCrank</p><p>   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.</p><p>   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.</p><p>   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.</p><p>   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.</p><p>   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders. </p><p>   The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.  </p><p>   \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.</p><p>   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.</p><p>   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.   </p><p>   He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.</p><p>   \"People want to be in charge of their own destiny,\" he said.</p><p> (Reporting by John McCrank; Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exchange leaders say GameStop saga highlights regulatory challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExchange leaders say GameStop saga highlights regulatory challenges\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-17 03:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>By John McCrank</p><p>   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.</p><p>   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.</p><p>   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.</p><p>   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.</p><p>   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders. </p><p>   The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.  </p><p>   \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.</p><p>   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.</p><p>   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.   </p><p>   He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.</p><p>   \"People want to be in charge of their own destiny,\" he said.</p><p> (Reporting by John McCrank; Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","ICE":"洲际交易所"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120977984","content_text":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders.    The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.     \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.      He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.   \"People want to be in charge of their own destiny,\" he said. (Reporting by John McCrank; Editing by Richard Chang)((john.mccrank@thomsonreuters.com Twitter @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3818004,"gmtCreate":1615988599590,"gmtModify":1680780725980,"authorId":3577251545430244,"author":{"id":3577251545430244,"idStr":"3577251545430244","authorId":3577251545430244,"name":"Bulbul","avatar":"https://static.tigerbbs.com/faf2ebfa43184b2844994ea9a52cddf9","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":324872217,"type":1,"supId":0,"prevId":0,"content":"Apes unite, to the moon!","text":"Apes unite, to the moon!","html":"Apes unite, to the moon!"}],"langContent":"EN"},{"id":324848807,"gmtCreate":1615986326609,"gmtModify":1704789328291,"author":{"id":"3575256910067021","authorId":"3575256910067021","name":"Cinnamoon","avatar":"https://static.tigerbbs.com/a2795c1e4a72d648f0a19fab08a62589","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575256910067021","authorIdStr":"3575256910067021"},"htmlText":"It's only legal of they win. Authoritarian nonsense. Since when was it allowed to naked short companies over 100% of its shares?","listText":"It's only legal of they win. Authoritarian nonsense. Since when was it allowed to naked short companies over 100% of its shares?","text":"It's only legal of they win. Authoritarian nonsense. Since when was it allowed to naked short companies over 100% of its shares?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324848807","repostId":2120977984,"repostType":2,"repost":{"id":"2120977984","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615923730,"share":"https://ttm.financial/m/news/2120977984?lang=&edition=fundamental","pubTime":"2021-03-17 03:42","market":"us","language":"en","title":"Exchange leaders say GameStop saga highlights regulatory challenges","url":"https://stock-news.laohu8.com/highlight/detail?id=2120977984","media":"Reuters","summary":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    a","content":"<html><body><p>By John McCrank</p><p>   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.</p><p>   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.</p><p>   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.</p><p>   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.</p><p>   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders. </p><p>   The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.  </p><p>   \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.</p><p>   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.</p><p>   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.   </p><p>   He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.</p><p>   \"People want to be in charge of their own destiny,\" he said.</p><p> (Reporting by John McCrank; Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exchange leaders say GameStop saga highlights regulatory challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","ICE":"洲际交易所"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120977984","content_text":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders.    The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.     \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.      He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.   \"People want to be in charge of their own destiny,\" he said. (Reporting by John McCrank; Editing by Richard Chang)((john.mccrank@thomsonreuters.com Twitter @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325478352,"gmtCreate":1615929544276,"gmtModify":1704788528011,"author":{"id":"3553019324478704","authorId":"3553019324478704","name":"YK_","avatar":"https://static.tigerbbs.com/c497ab9769b763ccb8f8945a2a1cf610","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3553019324478704","authorIdStr":"3553019324478704"},"htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325478352","repostId":2120977984,"repostType":2,"repost":{"id":"2120977984","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615923730,"share":"https://ttm.financial/m/news/2120977984?lang=&edition=fundamental","pubTime":"2021-03-17 03:42","market":"us","language":"en","title":"Exchange leaders say GameStop saga highlights regulatory challenges","url":"https://stock-news.laohu8.com/highlight/detail?id=2120977984","media":"Reuters","summary":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    a","content":"<html><body><p>By John McCrank</p><p>   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.</p><p>   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.</p><p>   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.</p><p>   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.</p><p>   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders. </p><p>   The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.  </p><p>   \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.</p><p>   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.</p><p>   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.   </p><p>   He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.</p><p>   \"People want to be in charge of their own destiny,\" he said.</p><p> (Reporting by John McCrank; Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exchange leaders say GameStop saga highlights regulatory challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nExchange leaders say GameStop saga highlights regulatory challenges\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-17 03:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>By John McCrank</p><p>   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.</p><p>   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.</p><p>   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.</p><p>   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.</p><p>   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders. </p><p>   The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.  </p><p>   \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.</p><p>   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.</p><p>   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.   </p><p>   He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.</p><p>   \"People want to be in charge of their own destiny,\" he said.</p><p> (Reporting by John McCrank; Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","ICE":"洲际交易所"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120977984","content_text":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders.    The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.     \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.      He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.   \"People want to be in charge of their own destiny,\" he said. (Reporting by John McCrank; Editing by Richard Chang)((john.mccrank@thomsonreuters.com Twitter @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":325444757,"gmtCreate":1615926158079,"gmtModify":1704788521623,"author":{"id":"3575778576577621","authorId":"3575778576577621","name":"StormsRiders","avatar":"https://static.tigerbbs.com/9458edc7e400a8e64d615784bffb8ceb","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575778576577621","authorIdStr":"3575778576577621"},"htmlText":"SEC is a joke.","listText":"SEC is a joke.","text":"SEC is a joke.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/325444757","repostId":2120977984,"repostType":2,"repost":{"id":"2120977984","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615923730,"share":"https://ttm.financial/m/news/2120977984?lang=&edition=fundamental","pubTime":"2021-03-17 03:42","market":"us","language":"en","title":"Exchange leaders say GameStop saga highlights regulatory challenges","url":"https://stock-news.laohu8.com/highlight/detail?id=2120977984","media":"Reuters","summary":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    a","content":"<html><body><p>By John McCrank</p><p>   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.</p><p>   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.</p><p>   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.</p><p>   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.</p><p>   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders. </p><p>   The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.  </p><p>   \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.</p><p>   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.</p><p>   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.   </p><p>   He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.</p><p>   \"People want to be in charge of their own destiny,\" he said.</p><p> (Reporting by John McCrank; Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Exchange leaders say GameStop saga highlights regulatory challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Editing by Richard Chang)</p><p>((john.mccrank@thomsonreuters.com <a href=\"https://laohu8.com/S/TWTR\">Twitter</a> @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","ICE":"洲际交易所"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2120977984","content_text":"By John McCrank   NEW YORK, March 16 (Reuters) - The recent trading frenzy around GameStop Corp    and other so-called \"meme\" stocks highlights shortcomings and challenges in the U.S. markets as retail investors become a bigger presence, exchange leaders said on Tuesday.   \"The regulatory structure of the U.S. equity markets, in my mind, is flawed,\" Jeff Sprecher, chief executive of New York Stock Exchange owner Intercontinental Exchange Inc   , said on a panel at the Future Industry Association's virtual FIA Boca conference.   Regulators have focused on competition between market intermediaries, like brokers and exchanges, rather than between buyers and sellers seeking to get the best prices, and the GameStop event exposed issues with that structure, he said.   In January, retail investors coordinated through social media forums in an attempt to punish hedge funds by buying shares of GameStop and other heavily shorted names, driving up their prices and forcing short sellers to close out positions at big losses.   At the height of the trading mania, several retail brokers restricted the buying of GameStop after collateral requirements needed to clear the trades spiked, angering many traders.    The saga has sparked congressional hearings, regulatory probes and put short selling under scrutiny.     \"I'm hoping that in the future regulators will roll back some of the punitive rules and allow the market itself to deal with the intermediary structure,\" Sprecher said.   The challenge now is to determine what constitutes unacceptable trading behavior as retail traders coordinate online, said Singapore Exchange CEO Loh Boon Chye.   Market manipulation, when it comes to retail investors' online activity, has not been defined, which is \"concerning,\" said CME Group CEO Terry Duffy.      He pointed to the legalization of gambling and marijuana in most U.S. states as examples of regulators taking a more hands-off approach.   \"People want to be in charge of their own destiny,\" he said. (Reporting by John McCrank; Editing by Richard Chang)((john.mccrank@thomsonreuters.com Twitter @jmccrank; 1 646 223-6643; Reuters Messaging: john.mccrank.thomsonreuters.com@reuters.net))","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3811383,"gmtCreate":1615929776607,"gmtModify":1680780622609,"authorId":3553019324478704,"author":{"id":3553019324478704,"idStr":"3553019324478704","authorId":3553019324478704,"name":"YK_","avatar":"https://static.tigerbbs.com/c497ab9769b763ccb8f8945a2a1cf610","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":325444757,"type":1,"supId":0,"prevId":0,"content":"Yes","text":"Yes","html":"Yes"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":4,"commentSize":5,"repostSize":0,"favoriteSize":2,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2120977984"}