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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December 1, 2002

Nasdaq's Guinness Book of Records!

By Staff Reports

Nasdaq may be breaking speed records on the SuperMontage.

About 95 percent of all orders currently trading on SuperMontage are executed in up to two tenths of a second, Hardwick Simmons, Nasdaq's chief executive, told attendees at the annual Securities Industry Association conference in Boca Raton.

That compares with an average execution speed of 17 seconds for orders on another, "unnamed exchange in New York," he wisecracked. An actively traded stock like Cisco, for example, usually has "quote updates" ten times a second on an active day on Nasdaq.

If it took as long as the NYSE's slower 17 second pace to execute the same order, Simmons said, then 170 "quote updates" would occur between the time you buy and sell and actually complete the trade.