Specialists: Opt-Out Will Be a Disaster

The debate over reform has often become bitter. Privately, two specialists told Traders Magazine that the NMS proposals are an attempt by the newer electronic exchanges to use regulatory advantages to save their business. Said one: "Basically they're losing market share." Another spec...

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Bibliographic Details
Published in:Traders magazine 2004-08, p.1
Main Author: Bresiger, Gregory
Format: Magazinearticle
Language:English
Subjects:
Automation
Evaluation
Market makers (Securities trading)
Securities trading
Services
Online Access:Get full text
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Summary:The debate over reform has often become bitter. Privately, two specialists told Traders Magazine that the NMS proposals are an attempt by the newer electronic exchanges to use regulatory advantages to save their business. Said one: "Basically they're losing market share." Another specialist said of his newer competitors, "They're losing money and now they want the regulators to save their bacon." *Require all quoting market centers and quoting market participants to permit all market participants access to their best quotes on a basis that is not unfairly discriminatory.
ISSN:0894-7295