Commentary

Traders Magazine Online News

Spoofing, Surveillance and Supervision

Jay Biondo, Product Manager - Surveillance at Trading Technologies, co-authored an article along with James Lundy and Nicholas Wendland, both of Drinker Biddle & Reath LLP, reviewing the CFTC's regulations and expanding efforts, 21st century surveillance and supervision, as well as strategic recommendations.

Traders Poll

Is the adoption of electronic trading in fixed income on par of that in the FX sector?




Free Site Registration

November 1, 1998

At Deadline - Market of Markets

By John A. Byrne

Record prices for two seats on the American Stock Exchange put a special shine on its November 2 merger with the National Association of Securities Dealers. The seats were sold for $489,000 and $490,000 only two days before the merger. The previous record was set on February 1 at $480,000, while the exchange's last seat was sold a month earlier for $440,000.

With the merger fully completed, Nasdaq and the Amex are set to be run as separate markets, overseen by the Nasdaq-Amex Market Group, a newly-created subsidiary of the NASD. One of the first priorities of the merged entities is the development of an electronic limit-order book and a trade-routing and transaction system for equity orders. The system is being designed to allow individual investors and traders to enter and electronically execute orders from on and off the trading floor.

ART-