Market Structure Massacre?
Traders Magazine, February 2002
The regulator's objective is fairness and transparency. Yet many of the changes in market structure - changes caused by regulation - have only produced a big, splitting headache for institutional traders. If narrowing spreads are important, markets are arguably more efficient. But then again, markets, in one obvious sign of inefficiency, seem more fragmented. Large trades are harder to work. And the size at which an order can move the market is shrinking.
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.