The Cause of Our Despair
Traders Magazine, April 2002
A dizzying pace of new market entrants and structures is underway. Nasdaq trading has moved away from spreads to commission compensation while ECNs have garnered over 40 percent of Nasdaq's market share. The New York Stock Exchange is offering products for institutions only such as Institutional Express and DepthQuote, a step that begins the segregation of marketplaces between institutional and retail investors.
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