Commentary

Elaine Wah

Modern Markets, Modern Metrics - A Blog By IEX

In this blog by IEX's Elaine Wah, the newest public exchange looks to refute public claims that the metrics it uses are designed to inflate its own volume numbers and mislead people.

Traders Poll

Do you think it's a good idea to conduct an access fee pilot to assess the pricing models used by many trading venues?

Yes

67%

No

0%

Should have had a pilot program a long time ago.

33%

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April 1, 2000

Section 31 Bills

By William Hoffman

Three Congressional bills would put a lid on Section 31 fees.

Senator Phil Gramm's S. 2107 would cap total Section 31 fee collections on a sliding scale, from $413 million in fiscal 2001 to $884 million in fiscal 2010 and thereafter. That's a formula slightly less generous than New York GOP Rep. Vito Fossella's H.R. 1256.

H.R. 2441, by New York Republican Rep. Rick Lazio, would reduce the fee from its current 1/300th of 1 percent on the value of transactions, to 1/500th of 1 percent.