Datek's Island: New Competition For Big Board Specialists?
Traders Magazine, December 1998
The Securities and Exchange Commission's new rules for the regulation of alternative trading systems (ATSs) stirred a swift move by Datek Online Holdings, the upstart Internet discount-brokerage outfit.
The firm, which is run as a broker dealer, said it is seeking permission from the SEC to turn Datek's Island electronic communications network into a self-regulated stock exchange.
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.