Amex Potential Sale Opens Debate On New Owner's Strategy
A potential sale of The American Stock Exchange, a traditional floor-based equity exchange, to a Chicago-based private-equity firm, is sparking industry speculation as to what the new owners will do to recoup their investment.
Nasdaq’s Battle Over Locked Crossed Markets
A phenomenon known as locked and crossed
markets has plagued Nasdaq stocks since the launch of SuperMontage. Dean Furbush, evp, Nasdaq, says locks and crosses never occur in Supermontage. With Nasdaq, ECNs and market makers blaming each other, the issue is heating up.
NYBOT Builds a New Home
The New York Board Of Trade is building a sophisticated trading floor, preparing its return to lower Manhattan after the Sept. 11 terrorist attacks.