Commentary

Robert Schuessler
Traders Magazine Online News

A Smarter Monkey

In this contributed piece, TIM noted that some traders do better than others when using data that has been run through certain analysis - that is, have used some form of machine learning to assist them.

Traders Poll

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




Free Site Registration

June 30, 2002

Will the ADF Be Ready?

By Gregory Bresiger

Some continue to question if the ADF, which is required to be operational at the same time that SuperMontage begins operations this summer, will actually fully begin on time.

"The latest rules amendments on the ADF call for the comment period to continue until June 28th. How could it become operational only two days after the comment period closes," said Mark Borelli, a former SEC attorney and now a private securities attorney in Chicago. "This seems very strange."

Borelli's comments are echoed by many trading professionals who are convinced that the ADF will not be operational for several more months, which would mean, they say, that SuperMontage would also have to be delayed.

NASD Chairman and CEO Robert Glauber also said that NASD's bond reporting system, Trade Reporting and Compliance Engine (TRACE), will begin operating sometime this month, July. He said that TRACE will be "a big step forward in bringing transparency to the fixed income market."