SEC Probes SRO Revenues Derived from Market Data
The surge in online trading by retail investors, coupled with the rise of alternative trading systems (ATSs) applying for exchange status, has caused the SEC to scrutinize the revenues that exchanges earn for providing real time stock market data.
NASD Inches Closer to NYSE - But What of ECNs?
NASD market makers, fueled by regulatory revisions, are expected to gain ground on NYSE specialists in the listed stock trading business. It is uncertain, however, whether the rule changes will also open the door to listed order flow for ECNS.
Financial Site Serves Up a Latin Beat
The Internet boom is heading for Latin Americaa region where financial information has been tightly controlled and where obstacles, such as slow Internet access and expensive phone charges, have stunted growth.
Trading Technologies Links with ISE
Trading Technologies (TT), a Chicago-based front-end workstation software supplier that has a strong presence in Europe, is developing an application programming interface (API) that will serve as a gateway to multiple U.S. equity markets. Separately, TT intends to provide front-end access to the International Securities Exchange (ISE).