SuperSOES ReliefFor Market Makers?
Traders Magazine, September 2001
Market makers, complain ing about the SuperSOES system and competition from ECNs, may be about to receive some help. Their liquidity display requirements may soon be changed. Nasdaq officials are pushing to ease reserve requirement rules, which are not a factor for competing ECNs. The proposed Nasdaq rule change would decrease market makers' reserve size requirements in the SuperSOES automatic execution system, a system that is currently a big money loser for market makers, according to one expert on U.S. market structure.
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.