Free Site Registration

STA Urges Reform of Access Fees: SEC Asked to Change the Competitive Advantage' for ECNs

Traders Magazine, March 2002

Gregory Bresiger

Electronic communications networks continue to have a competitive advantage over market makers because of their ability to charge access fees. And that advantage was provided by the regulators and should be changed by them. This claim - frequently heard in the dealer community - gained a new lease of life in a letter asking for various regulatory changes that was dispatched by the Security Traders Association to SEC Chairman Harvey Pitt.

Get access to this article and thousands more...

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.

Already Registered?

Advertisement

Advertisement