Commentary

Jared Dillian
Traders Magazine Online News

Was it Worth It?

In this piece from 10th Man, author Jared Dillian discusses how the ETF revolution is less about ETFs and more about indexing; about how people have come to view stocks less as stocks and more as blobs of stocks.

Traders Poll

Would you feel better if the Chicago Stock Exchange were purchased by U.S. firm or consortium rather than a foreign one?

Yes

73%

No

4%

Doesn't matter to me

23%

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June 30, 2002

NASD Looking for OATS

By Gregory Bresiger

The National Association of Securities Dealers said it wants comments on possible changes in the Order Audit Trail System (OATS).

Some of the changes under review by the regulator would require that members, "record and report for OATS purposes the route of a proprietary order if they comply with the SEC Limit Order Display Rule by routing the proprietary order in place of a customer order to another market, electronic communications network or market maker..."

Executions

Another possible change calls for "recording the execution time rather than the prior reference price time or allocation time in the OATS Execution Reports."

The NASD says the comment period on the OATS plan is scheduled to close on July 10.