Commission disappointed at stock trading screens decision

The European Commission has said it is disappointed by US regulators' reluctance to allow European stock exchanges to install their trading screens in the US.

SEC chairman William Donaldson told reporters that until the US completed the study of its national market structure, which will be completed some time this year, there will be no relaxation of US rules.

European Commission spokesman for the internal market, Jonathan Todd, said: "It's an issue that we take very seriously and are disappointed that there has not been any move by the Americans to deal with this issue until now."

He repeated that the EC would like to see access to the United States market for the European securities market as quickly as possible.