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Equity Market Structure Confidence at All-Time Low
Recent headline-grabbing technology missteps, including Knight Capital and Facebook's IPO on Nasdaq, are causing market structure confidence in the capital markets to slip, with only two percent of industry participants rating their confidence as very high, according to the most recent US Equity Market Structure Confidence Survey (registration required) from TABB Group, a New York-based financial markets' research and strategic advisory firm.
When the survey was first taken in May 2010, shortly following the Flash Crash, 12 percent of respondents indicated their confidence in equity market structure was very high. In June 2012, following Nasdaq OMX's blunder of the Facebook IPO, confidence dropped to 5 percent. Today, it stands at 2 percent, according to the survey of 260 market participants.
Read the rest of this article on Wall Street & Technology. Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio