Commentary

Brijesh Malkan
Traders Magazine Online News

Solving the Last Mile Problem in Investment Research

One executive takes a forward look at how will the research value proposition change over the short to medium term, and what are the products and strategies managers will turn to?

Traders Poll

Do you think it's a good idea to conduct an access fee pilot to assess the pricing models used by many trading venues?

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Should have had a pilot program a long time ago. 100%

 

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February 1, 2003

A Move on Market Structure

By Gregory Bresiger

Market structure reforms will be enacted later this year through a series of new SEC rules. That's according to Annette Nazareth, director of the SEC's Division of Market Regulation. Nazareth says that there is a compelling need to act on reforms as soon as possible. Securities industry groups, such as the Security Traders Association and the Securities Industry Association, have been pushing for regulatory action.

Several of their officials have warned that the SEC is ignoring the critical issue of marker structure. The STA has warned that, in a market crash, the liquidity of many mid-size companies could become questionable.