Commentary

Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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May 31, 2003

A New National Market System?

By Gregory Bresiger

The SEC is examining the most important changes in market structure since the enactment of the 1975 Amendments to the Securities Exchange Act of 1933.

All the major issues - from access and market data fees to internalization and best executions - will be outlined in a series of concept releases, or policy papers, which the SEC is finalizing. "We will need all your input," SEC Commissioner Roel Campos told attendees at the STA Congressional Conference in Washington. He said proposals must not pick winners over losers.