Commentary

Ronald Jordan
Traders Magazine Online News

Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

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April 30, 2002

Nasdaq Fights to Remain on Top

By Gregory Bresiger

Nasdaq, increasingly facing competition and regulatory controversy, is fighting to retain its primary position in the U.S. markets.

"The last thing Nasdaq wants to lose is its reputation as a primary market for capital formation in the United States," Nasdaq Chairman Hardwick Simmons, told the Financial Times. Nasdaq is facing competition for print revenue as well as quotes. Its last quarterly report showed reduced earnings. Nasadq, which has lost 60 percent since its high during the dot.com craze, has shattered many a portfolio.

Better Future

Still, Simmons argued that Nasdaq's projected SuperMontage trading platform along with innovative products, such as exchange traded funds, will help resurrect Nasdaq's declining fortunes.

"In this kind of a market it is increasingly difficult to pick individual stocks, [but] investors know that these are the companies of the future," Simmons said. Despite these companies' recent woes, Simmons said that, "Everywhere I go I hear the same thing: Where can I get a Nasdaq to help me bring entrepreneurs and their ideas public? Without [a Nasdaq] we will never be competitive with the U.S. in the technology marketplace," he added. Simmons also promised that SuperMontage, due to begin trials this summer, will be faster and more efficient.