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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June 30, 2001

No Taping, Please

By Editorial Staff

The Securities and Exchange Commission has ruled that broker dealers have no "compelling reasons" to be excused from the NASD Regulation's taping rule.

Commissioners held that there could be no exemption from a requirement to tape customer conversations with employees who had been formerly employed by firms that had been disciplined.

Exemption Asked

Whitehall Wellington Investments had wanted an exemption because of questions over whether the policy would clash with state laws requiring the consent of both parties.

The firm also held that the administrative resources required for following the policy would be burdensome.