Market Structure Reform

Definition ∞ Market structure reform refers to significant changes implemented in the organization and operation of financial markets, often driven by regulatory initiatives or technological advancements. These reforms aim to enhance fairness, transparency, efficiency, and resilience. They can impact trading venues, intermediaries, and settlement processes. Such changes are designed to improve market functioning.
Context ∞ In the digital asset sector, market structure reform is a constant topic in news, as regulators grapple with integrating decentralized finance (DeFi) and other blockchain-based systems into existing frameworks. Debates frequently involve the appropriate balance between innovation and regulatory oversight for crypto exchanges and trading platforms. A critical future development involves establishing a harmonized global market structure that accommodates both traditional and digital assets.