Nasdaq Publishes Blueprint to Advance Markets for Main Street Investors and Companies of all Sizes
TotalMarkets follows Nasdaq’s Revitalize campaign, launched in
“The efforts to revitalize the U.S. capital markets have shown great progress, so we are expanding our recommendations to address market structure and regulatory priorities, to ensure businesses and investors of all sizes are well-served by U.S. equity markets,” said
The TotalMarkets campaign addresses the need to encourage more
Nasdaq’s TotalMarkets blueprint for better, more inclusive capital markets includes the following calls to action:
- Roll back outdated regulations that stifle investor choice and competition in the U.S. stock markets. Nasdaq calls for a top-down review of the prescriptive rules that stifle innovation. Mandates should be re-designed to benefit individual investors, the institutions that manage individual investor assets, and the small, growing companies that create jobs and wealth in which individual investors can share. More flexible rules will unleash competition and innovation, and allow competition to determine winners and losers. This new framework can create an inclusive market that cultivates capital formation for all issuers and their public shareholders.
- Create a better experience for smaller issuers by creating an inclusive market that cultivates capital formation. Reduce unnecessary complexity and fragmenting by permitting public small and medium enterprises (SMEs) the opportunity to revoke unlisted trading privileges. Concentrating liquidity will unlock innovation, improve price discovery, reduce market volatility, and lead to a better experience for issuers and investors.
- Give investors freedom to choose. Retail-facing firms want a choice about how to best meet their customers’ needs while meeting regulatory obligations. Nasdaq believes technology obviates the need for the intrusive government mandates that currently exist. Today’s rules governing the markets impose a “one-size-fits-all” model ill-suited to markets that are organically and beneficially diverse. It’s time to rewrite government mandates and to re-establish choice as a priority in public markets.
Nasdaq looks forward to continuing a serious dialogue with regulators and stakeholders, and remains confident that with
Nasdaq Media Contacts:
Source: Nasdaq, Inc.