Commentary

Tim Quast

Lava Cools As Citi Exits ECN Business

As dark pools move into the regulatory light, the real money is in aggregation, not in equity fragmentation.

Traders Poll

Do you expect more ECNs, like LavaFlow, or dark pools to close up due to regulatory pressure?



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THE NYSE HYBRID

THE NYSE HYBRID



Panelist: Ed Tilly, CBOE; Dave Herron, Chicago Stock Exchange, both Chicago;

Moderator: Brett RedFearn, Bear Stearns; Panelist: Bob McSweeney, NYSE; Jamie Selway,

White Cap Trading, all New York.


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