“This is an exciting time to join the SEC,” Wang said in a release.“The industry has changed so much. Just think about the way people trade stocks. It’s grown exponentially.”
Wang will be involved in rulemaking, with a focus on preventing future financial crises and the influence of new technologies.
“Today we have high-frequency trading, and the timeframe is not seconds; it’s not even milliseconds. It’s nanoseconds because computers are so fast,” he said in a release. “The volume of trading explodes, so what kind of rules should be implemented? This gives me an opportunity to look into not only what is the best practice now, but what will be the plan for financial markets in the future in the U.S. and the world.”
In Other News
1
Independent medical providers fight insurance, Medicaid over...
2
New home construction expected to bounce back from 2023 decline: Here’s...
3
Dayton Children’s plans to open latest Kids Express in Tipp City early...
4
Soin Medical Center in Beavercreek to cease trauma program this weekend
5
Silfex offers Springfield business leaders look at high-tech work