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

January 1, 2003

ECNs Locked In Rebate Row

By Gregory Bresiger

Instinet and Island are encouraging participants to lock markets, according to Nasdaq. "We have empirical evidence that this is happening," a senior Nasdaq official, who didn't want to be quoted by name, told Traders Magazine. "And this means that investors aren't getting the best price discovery," he added.

The Nasdaq official said that previously Island and Instinet rejected bids that would have locked markets, but today they no longer do that.

The ECNs have reversed course to generate liquidity rebates for its customers, according to Nasdaq President Richard Ketchum.