Free Site Registration

What Should The Next Trade Cost? How the Pros Will Set OptiMark Profiles

Traders Magazine, November 1998

John A. Byrne

The OptiMark Trading System is set to debut as a facility of the Pacific Exchange next month. Wayne H. Wagner, chairman of the Plexus Group, a Los Angeles-based consultant on trading costs to investment managers and brokerage firms, writes about setting profiles on OptiMark, and gives an analysis on cost.

Conversations with buy-side traders reveal a strong curiosity about OptiMark, nothwithstanding a skepticism about how successful it actually will be. Traders, to be sure, fully understand the concepts behind OptiMark, and the potential benefits of the system developed by OptiMark Technologies in Durango, Colo. They are uncomfortable, however, about how to apply their trading experience.

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?