Stock Market Structure Won't Change, At Least Not This Year

SEC Chairwoman Mary Jo White said the structure of the U.S. stock market will not change, at least not this year.

White said the agency won't advance any major changes in 2016 to the fragmented system of trading U.S. stocks after undertaking a "holistic review" of rules, including whether stock exchanges should retain the power to regulate their members, according to a Wall Street Journal report.

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"The worst thing you can do is to look at something that superficially seems to make sense, but you don't have really the data to justify going forward on it and you may do more harm than good," she told Bloomberg TV. "So it's not something you want to rush, but it's something we certainly have major traction on and we'll continue."

Dow, S&P 500 and Nasdaq were up on a rebound in oil prices. Dow is up 0.42 percent at 17,035.09, S&P 500 gained 0.59 percent at 1,990.89 and Nasdaq rose 0.45 percent at 4,669.96.

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