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Wall Street & Technology
September 18, 2006
Ask The Experts: Mark Madoff, Codirector of Trading at Bernard L. Madoff Investment Securities The battle between Nasdaq and the NYSE is not your traditional price war, which usually is characterized by lower fees. So, how will this price war change order flow, and how will it impact regional exchanges and ECNs? mark for My Articles similar articles
Wall Street & Technology
January 5, 2005
Steve Silberstein
Dear CIO... Question: How will Reg NMS impact broker-dealers? mark for My Articles similar articles
Wall Street & Technology
February 3, 2005
REG NMS Cheat Sheet A synopsis of the 371-page SEC document outlining the Regulation National Market System proposal, with one-page summaries of each of its four components. mark for My Articles similar articles
Wall Street & Technology
February 21, 2007
Larry Tabb
Against the Odds, the NYSE Has Successfully Implemented the Hybrid, Acquired Euronext and Become More Profitable New technology, combined with cost-cutting and a large market share, has allowed the NYSE to become more profitable and successful. mark for My Articles similar articles
Wall Street & Technology
February 4, 2005
Ivy Schmerken
Reg NMS As part of the extreme makeover of the National Market System, the SEC's Reg NMS proposes that market centers route orders to the venue that offers the best price. mark for My Articles similar articles
Wall Street & Technology
March 21, 2006
Larry Tabb
Reg NMS: A Pox on All Your Houses The SEC's Reg NMS will significantly alter the way the markets and the industry as a whole operate. Instead of the market consolidation we have seen over the past few years, we are seeing a market fragmentation, as regional exchanges retool and ECNs proliferate. mark for My Articles similar articles
Wall Street & Technology
January 24, 2006
Greg MacSweeney
Reg NMS: Hurry Up and Wait An interview with Joe Gawronski, COO at Rosenblatt Securities, on the possibility of a delay in the implementation of both Reg NMS and NYSE's planned hybrid exchange model. mark for My Articles similar articles
Wall Street & Technology
July 26, 2004
Ivy Schmerken
Making Markets Move The race to become a fast market may lead exchanges to join forces with ECNs. mark for My Articles similar articles
Wall Street & Technology
January 23, 2007
Cory Levine
NYSE Requests a Four-Week Extension of the Reg NMS Deadline Although it has been beaten to death by industry analysts and press, the importance of the changes to the U.S. securities industry spurred by Reg NMS cannot be overstated. The industry anxiously awaits full implementation of the regulation in 2007. mark for My Articles similar articles
Wall Street & Technology
February 12, 2007
Mark Madoff
Ask the Experts: Trading Q: Will SIFMA's request to have the SEC examine the NYSE's new market-data fees have any impact on the future fee structure(s)?... A: Most of the industry's efforts to prepare for Regulation NMS have been directed at dealing with automating quotes... mark for My Articles similar articles
Wall Street & Technology
February 14, 2006
Larry Tabb
Aggregation: Back to the Future With only two or three trading venues, aggregation is not very interesting. However, with the existence of three major execution venues, and another six or seven regionals and ECNs, in conjunction with an empowered SEC focused on best execution, and now you have a horse race. mark for My Articles similar articles
Wall Street & Technology
January 24, 2006
Paul Allen
Turning the Tide As ECNs and other alternative trading systems have emerged, fragmentation in the capital markets has increased. But with the acquisitions of Archipelago by the NYSE and of the Brut and INET ECNs by Nasdaq, the tide may be turning. mark for My Articles similar articles
Wall Street & Technology
May 15, 2006
Cory Levine
An Industry in Denial Reg NMS is set to change the foundation of the securities industry and represents the reality of a major industrywide spend. But on whose shoulders that expense will fall remains largely up in the air. mark for My Articles similar articles
Wall Street & Technology
April 22, 2005
Kerry Massaro
Catalyst for Change The SEC approved Reg NMS - a regulation that will transform the markets from a system centered around the NYSE as an auction market to one that is more in-line with the fast pace of technology in the world at large. mark for My Articles similar articles
Wall Street & Technology
February 14, 2006
Ivy Schmerken
Brokerage Teams Tackle Reg NMS as Deadline Looms Many financial firms have joined industry committees to make sure that their organizations' interpretations of Regulation National Market System (Reg NMS) are in line with other market participants' views. mark for My Articles similar articles
Wall Street & Technology
October 24, 2007
Michael Topper
The Repercussion of MiFID and Reg NMS in the U.S. U.S. financial institutions must educate themselves on the difference and similarities between Reg NMS in the States and MiFID in Europe to ensure they know the rules and are able to comply. mark for My Articles similar articles
Wall Street & Technology
February 4, 2005
Ivy Schmerken
Reg NMS Tops the CIO Agenda The regulation to modernize the National Market System is shaping up as the single most important issue that chief information officers of buy-side and sell-side firms will focus on in 2005. mark for My Articles similar articles
Wall Street & Technology
June 4, 2004
Ivy Schmerken
Reg NMS: Divided We Stand Unable to define fast versus slow markets, the industry is split over the SEC proposal to amend the trade-through rule. mark for My Articles similar articles
Wall Street & Technology
October 22, 2004
Jim Middlemiss
Hybrid Market, Myriad Challenges Chief Technology Officer Roger Burkhardt has the unenviable task of automating the New York Stock Exchange and putting it on a level playing field with electronic competitors by creating a hybrid market. mark for My Articles similar articles
Wall Street & Technology
September 23, 2005
Ivy Schmerken
New ATSs Arise to Fill a Void The consolidation in the equity markets is motivating new entrants that contend they can offer more competitive pricing and novel features. mark for My Articles similar articles
Wall Street & Technology
January 23, 2007
Jessica Pallay
In the Search of Liquidity: The Time Is Now Now that Reg NMS is finally here, are firms ready to access 30 or more trading venues in their search for liquidity? After a year of investment in technology, firms need to demonstrate that their systems are up to the challenge. mark for My Articles similar articles
Wall Street & Technology
January 23, 2007
Pondering Liquidity Management The next five years will see a considerable increase in order internalization as market pressures force banking firms to adopt the philosophy of liquidity management in order to stay competitive, a new research note speculates. mark for My Articles similar articles
Wall Street & Technology
February 12, 2004
Ivy Schmerken
Changing the Rules of the Game A change in the trade-through rule now on the SEC's agenda could lead to more direct-access and smart order-routing tools. mark for My Articles similar articles
Wall Street & Technology
January 6, 2006
Ivy Schmerken
Transforming the American Stock Exchange An interview with Antoine Shagoury, the American Stock Exchange's EVP and CIO on his plans for revamping Amex's trading platform, consolidating legacy platforms and making the exchange more competitive. mark for My Articles similar articles
Wall Street & Technology
April 25, 2005
Schmerken & Massaro
The Fate of ITS In a divided vote, the SEC passed Reg NMS, ushering in a new and improved trade-through rule that will make best price and fast quotations a requirement for U.S. equities trading. What will become of the Intermarket Trading System (ITS)? mark for My Articles similar articles
Wall Street & Technology
June 22, 2004
Ivy Schmerken
How Low Can You Go? Reg NMS' proposed formula for allocating market-data revenues among exchanges isn't getting a warm welcome on the Street. mark for My Articles similar articles
Wall Street & Technology
June 13, 2006
Regs Create Revenue MiFID and Reg NMS will open up new business opportunities in market data sales for the European and U.S. markets, according to a new report. mark for My Articles similar articles
Wall Street & Technology
June 12, 2007
Ivy Schmerken
OES, Lava Trading Emerge as Dominant Vendors in Order Routing Brokers, exchanges and other vendors are relying on Order Execution Services and Lava Trading for their Reg NMS compliant order routing. But does this pose a risk? mark for My Articles similar articles
Wall Street & Technology
June 13, 2006
Greg MacSweeney
Careful What You Wish For While financial firms are relieved by the extension of full Reg NMS implementation, compliance now bumps up against the Nov. 1, 2007 deadline for the European Market in Financial Instruments Directive (MiFID). So where does that leave the industry? mark for My Articles similar articles
Wall Street & Technology
May 25, 2005
Dan Safarik
A Chip Off the Block The New York Stock Exchange plans to modernize its trading model with the upcoming Hybrid system, which, in part, is meant to draw back the large orders that have migrated to newer, electronic block-trading systems. mark for My Articles similar articles
Wall Street & Technology
January 5, 2005
Ivy Schmerken
Hybrid Markets: A Migration to the Screen With market regulation in flux, all eyes are on the New York Stock Exchange as it awaits approval from the U.S. Securities and Exchange Commission for its hybrid-market proposal. mark for My Articles similar articles
Bank Technology News
January 2008
Anthony Malakian
Data Processing: Forestalling a Market Data Overload Thanks to Reg NMS in the U.S. and MiFID in Europe, market data volume is on the rise and will continue to grow gangbusters. Investing in infrastructure will be a way of life. mark for My Articles similar articles
Wall Street & Technology
May 21, 2007
Les Kovach
Latest Market Data Dispute Over NYSE's Plan to Charge for Depth-of-Book Data Pits NSX Against Other U.S. Exchanges The NYSE filed a comment letter with the SEC supporting a review of the Commission's approval of the NYSE's fee proposal as well as a review of the current market data revenue-sharing formula under Reg NMS. mark for My Articles similar articles
Wall Street & Technology
June 28, 2005
The Next Big Thing Four analysts predict what shape they believe the future landscape of financial services technology will take. mark for My Articles similar articles
Wall Street & Technology
July 23, 2004
Kerry Massaro
Reinventing Themselves If you look back at the late-'90s, when new ECNs were being introduced into the marketplace regularly and a huge rivalry had developed between the ECNs and the exchanges, the securities industry's last consideration would have been that the two would join forces. mark for My Articles similar articles
Wall Street & Technology
January 22, 2008
Sabatini & Smirnoff
Trade Reporting, Surveillance Key To Compliance With increased regulatory focus on protecting securities market participants, trade reporting and trade surveillance are key to providing transparency, efficiency and oversight for today's trading environment. mark for My Articles similar articles
Wall Street & Technology
April 14, 2006
Playing Catch Up On Reg NMS Broker-dealers that have not yet established a compliance strategy or begun a program design in preparation for Reg NMS are well behind the industry curve. mark for My Articles similar articles
Wall Street & Technology
February 27, 2005
Larry Tabb
The NYSE Floor: A Question of Control What is it about the floor - the history, the frenzy, the money, the legacy? Whatever it is, the NYSE floor, as it stands today, is under threat - and not just from dissatisfied institutional investors, but also from market restructuring proposals mark for My Articles similar articles
Bank Technology News
November 2007
Alternative Trading: ECNs, Dark Pools Gain Ground on Exchanges The trading venues running outside the traditional NYSE/NASDAQ exchange channels have their advantages-but also some limitations from their own success. mark for My Articles similar articles
Wall Street & Technology
June 12, 2007
Melanie Rodier
Wall Street Firms Fine-Tune Reg NMS Compliance, Look Ahead at the Future Most financial firms have been working on boosting their order-routing capabilities and their infrastructure. But now is the time to see whether their systems can efficiently handle the data Reg NMS requires. mark for My Articles similar articles
The Motley Fool
December 4, 2006
Market or Limit Order? But for investors, the kinds of orders that matter most are the ones we place when we buy or sell stocks. While it helps to be familiar with the many order terms, it's worth examining the two biggies: market and limit orders. mark for My Articles similar articles
BusinessWeek
May 20, 2010
Tricks of the Trade The evolution of men and machines in the stock market. mark for My Articles similar articles
The Motley Fool
November 9, 2005
Selena Maranjian
Market or Limit Order? The kind of order you place affects your ultimate profit. Here's a guide to market and limit orders. mark for My Articles similar articles
Wall Street & Technology
March 14, 2008
Penny Crosman
Exchanges Hardest Hit by Trade Data Avalanche Although the buy side and sell side have to store trade data, too, exchanges such as ISE are hardest hit by Reg NMS/MiFID trade data volumes. mark for My Articles similar articles
Wall Street & Technology
January 24, 2006
Peter A. Horowitz
Developments on the Horizon Seven trends that could significantly impact brokerages and their support systems: The Aging of the Investor Class... Cross-Market Competition and Consolidation... Direct Market Access... etc. mark for My Articles similar articles
The Motley Fool
October 30, 2006
John Finneran
NYSE: Earth's Securities Exchange? A look at the NYSE's ambitious plans and the risks of grand strategy. The NYSE is, so far, transforming itself effectively, but investors need to watch for hard evidence of down-to-earth execution, especially on the technology front. mark for My Articles similar articles
Bank Technology News
June 2005
Glen Fest
Irreconcilable Differences? When Jerry Putnam used to describe the New York Stock Exchange and its practices, the CEO of Archipelago Holdings was prone to using words like monopolistic, blackball and pathology. mark for My Articles similar articles
InternetNews
August 24, 2007
Paul Shread
Stocks End The Week With A Bang Stocks soared Friday after strong home sales and durable orders eased fears that the credit market crunch could send the economy into a tailspin... Brocade rose on its earnings report... Sonic Solutions fell... etc. mark for My Articles similar articles
Wall Street & Technology
June 13, 2006
Positioning for Consolidation In a recently released update on the global stock exchanges, Financial Insights weighs in on market consolidation and the direction of the securities industry in the wake of regulatory, technological and competitive pressures. mark for My Articles similar articles
Wall Street & Technology
July 18, 2006
Ivy Schmerken
Amex CIO Prepares to Launch New Hybrid System, AEMI, for Reg NMS CIO Antoine Shagoury is ramping up the process to launch the exchange's new hybrid trading system AEMI to be ready for Reg NMS. mark for My Articles similar articles