In Light Of HFT Debate, SEC Commissioner Aguilar Proposes Key Changes

In light of the ruckus high frequency trading debate, the Securities and Exchange Commission appears to be re-considering a key component of market structure. Speaking at the Mutual Fund Director’s forum, a platform for independent board directors to share best practices, SEC commissioner Luis Aguilar indicated the regulator is considering changes to the “maker-taker” system of exchanges providing rebates to certain HFT participants. SEC reveals its much-anticipated take on “market structure” Immediately after the publication of Michael’s Lewis’ tome on HFT, Flash Boys, the SEC had remained generally silent on their actions, only saying they were considering “market structure.” Yesterday’s…