Free Site Registration

ECNs, Dealers Differ on Subpennies

Traders Magazine, December 2001

Gregory Bresiger

Once again officials of electronic com munication networks are mavericks, taking a position out of step with much of the trading industry, especially the market making community. This time the topic is subpenny trading. With the New York Stock Exchange and the Security Traders Association on record opposing subpenny trading, saying it causes "chaos," five of the biggest ECNs are telling the regulators that the market, not the regulators, or the exchanges, should decide the fate of subpenny trading.

Get access to this article and thousands more...

All 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.

Already Registered?