Commentary

Erik Hoel
Traders Magazine Online News

Will The Bitcoin Bubble Pop Or Will It Envelop Us All?

Guest contributor Erik Hoel asks the question whether the worst is over for bitcoin holders, or still yet to come, what is yet to come? And why.

Traders Poll

In your opinion, what is the biggest hurdle facing the blockchain?

Cost of implementation

17%

Too many systems available

23%

Not applicable to my business

3%

Uncomfortable with the technology

33%

Nobody else is using it

23%

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March 1, 2003

A New Amex Fee for Rebate Business?

By Gregory Bresiger

Floor traders on the American Stock Exchange might soon be assessed a fee to finance payment for order flow.

This would come under a plan that members privately said the Amex is considering to lure more options orders. However, a spokeswoman for the exchange said action had not been taken.

"We have not done anything on any fee plan for order flow. Everything is status quo," she told Traders Magazine.

Traders privately said that the plan under review by the Amex would call for the exchange to collect 40 cents per option contract for each of the 100 most actively-traded option classes. The plan would also call for collecting $1 per contract for the popular options on the QQQ, or the Nasdaq 100 Tracking Stock.

The plan is controversial because regulators have been pressing exchanges to stop the practice of payment for order flow.