Regulation Channel

Industry Pushes For Faster Risk Checks In A Post-Naked Access World

With the Securities and Exchange Commission expected to soon ban the practice of "naked access," vendors, exchanges and brokers are scrambling to speed up their risk management technology.

New Order Type Tars Options Exchanges' Images

Intermarket sweep orders (ISOs) are giving some options exchanges a black eye.

Commentary: Rest in Peace

Eight years after being buried, it appears that Dr. James Tobin's dream of a tax on transactions is being resurrected.

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Congress Readies Short-Sale Rules

Congress is likely to add at least three new short-sale rules to the Securities Exchange Act of 1934 as part of its overhaul of financial services regulation.

Rest in Peace

There are few things sadder than the big idea born too early. We all know the story: A flash of brilliance is followed by years of public ridicule and frustration, the unrecognized genius eventually dying alone and penniless. Years later, the big idea is dusted off and re-examined, but this time, it's embraced, and we get the satisfaction of seeing the inventor's name belatedly join the pantheon of genius to which it rightfully belonged.

Word For Word

Amit Manwani heads U.S. quantitative and analytics products for Nomura Securities International. A Lehman Brothers veteran in algos and analytics, Manwani joined Nomura in November 2008 to develop its new electronic products. He offered his opinion on some of the more prominent industry issues.

FINRA Proposal Riles OTC Market

A proposal by FINRA to expand its business of collecting and disseminating quotes in over-the-counter equities by creating a "quotation consolidation facility" is under fire from OTC dealers and the largest OTC quote service.

Cover Sidebar: Nasdaq Experiments With Price/Size

Nasdaq plans to start a third stock exchange later this year using the license it got with its acquisition of the Philadelphia Stock Exchange.

Trading Tax Proposal in Congress Rankles Street

A bill introduced by Rep. Peter DeFazio, D-Ore., to tax trades on stocks and derivatives has trading executives uneasy, but in fighting mode. "I'm not pleased with the progress of this bill in Congress," Bob Greifeld, chief executive at Nasdaq OMX, said at a recent meeting with investors, sponsored by Goldman Sachs.

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Articles from this Site

• Industry Pushes For Faster Risk Checks In A Post-Naked Access World
• New Order Type Tars Options Exchanges' Images
• Commentary: Rest in Peace
• Commentary: The Changing Role of the Broker-Dealer in an Electronic Universe
• Commentary: Do High-Frequency Traders Add Value to the Market?
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