SEC staffers have begun circulating plans with market participants in recent weeks, and Chairman Gary Gensler plans to detail some of the potential changes in a speech Wednesday, according to the report.
The SEC did not immediately respond to a request for comment from Archyde.com.
One suggestion from SEC staff that has gained popularity is to require brokerage firms to route the majority of orders from individual investors to auctions where trading firms compete to fill them, according to the WSJ.
SEC officials also aim to lower the maximum fees exchanges can charge brokers to access their quotes, the report adds.
