Commentary

Joanna Fields
Traders Magazine Online News

Navigating Cybersecurity on a Stretch of "Regulatory Rapids"

In this shared commentary, Aplomb Strategies writes that when considering a firm’s governance structure, a holistic approach makes the most sense.

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Would you feel better if the Chicago Stock Exchange were purchased by U.S. firm or consortium rather than a foreign one?

Yes

73%

No

4%

Doesn't matter to me

23%

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August 31, 1998

Hidden Under Lock and Key of NASD!

By Staff Reports

In an interesting aside to the continuing debate about the Short Order Execution System, the National Association of Securities Dealers has made it clear where it wants SOES terminals placed strictly beyond the physical touch of the public customer.

Rules currently contain a provision that requires SOES order-entry firms to maintain the physical security of Nasdaq equipment located on the premises of the broker dealers to prevent unauthorized entry of information into SOES. According to an NASD Notice to Members last month, the NASD has, to date, interpreted this provision as barring firms from providing direct electronic entry to public customers.

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