The commissioner noted rising complexity in options market and urged for continued industry-driven improvements.
Hester M. Peirce (pictured), commissioner at the US Securities and Exchange Commission (SEC), delivered a speech at the Options Market Roundtable to highlight structural pressures in the US derivatives ecosystem on 16 April. Pierce credited both industry coordination and SEC Trading and Markets staff for driving the change Peirce pointed to exchange proliferation, clearing-firm consolidation and concentrated market-making activity as areas that warranted closer industry attention. She noted