News Summary

• In 2026, the SEC has moved on two fronts that will define the next chapter of American public markets.
• In 1792, a handful of brokers gathered beneath a buttonwood tree on Wall Street and agreed to trade securities among themselves.
• In 1971, Nasdaq launched the world’s first electronic stock quotation system.
• Today our markets facilitate trading in more than 12,000 securities, $453 billion traded in the first half of 2026.
• The work now is ensuring the transparency principles that have governed public markets work best for technology, not investors.