Free Site Registration

Traders Eye Reduced Nasdaq Transaction Fees:The NASD's Section 31(a) Fight Is Praised by Market-M

Traders Magazine, June 1998

Jeffrey L. Winograd

The lukewarm regard many Nasdaq traders have for the National Association of Securities Dealers is almost legendary. But animosity notwithstanding, some traders this month singled the NASD out for special commendation for fighting a controversial Nasdaq transaction fee.

The NASD's effort itself the direct result of intense lobbying by a coalition led by the Security Traders Association is expected to result in Securities and Exchange Commission rulemaking that reduces 31(a) transaction-fee collections on riskless principal trades.

Get access to this article and thousands more...

All TradersMagazine.com 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?

Advertisement

Advertisement