Free Site Registration

Levitt Targets Trade Count for Elimination: Move by SEC Chairman Could Bring Relief to Traders Hi

Traders Magazine, March 1998

Jeffrey L. Winograd

Arthur Levitt has suggested he will propose eliminating multiple counting on each Nasdaq trade, to dramatically reduce the transaction fees paid by market makers.

The Securities and Exchange Commission chairman raised the issue at a Senate Appropriations Subcommittee, and said afterwards he will meet Nasdaq officials to discuss how trades are counted.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?