Free Site Registration

Nasdaq Plan for More Order Flow

Traders Magazine, September 2003

Gregory Bresiger

Nasdaq wants to offer bargain basement executions to ECNs with low-fee business models. This is a move that it hopes will turn would be competitors into clients. In what is likely to be viewed as a controversial proposed rule change, Nasdaq wants to cap ECN fees and give low-fee ECNs the same treatment as market makers. That, Nasdaq officials hope, will increase order flow. But some trading industry officials say it will require ECN customers to make hard decisions.

Get access to this article and thousands more...

All articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?