Buyside Balks at Nasdaq Commissions
Traders Magazine, June 2001
Despite collapsed spreads and market makers' pleas, the buyside is in no rush to pay commissions on Nasdaq trades.
"This will take six months to get going with any kind of momentum," said Tom Hearden, head trader at Strong Capital Management in Milwaukee. "It's in its infancy. It has buzz. But the buyside has not widely adopted it yet."
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.