Commentary

Michael Ruvo
Traders Magazine Online News

Prevailing Market Price: Critical Issues Ahead of Deadline

In an exclusive to Traders Magazine, BondWave's CEO warns fixed income participants that they have less than two months until the May 14th deadline for the implementation of the mark-up disclosure rule and the implementation of the PMP "waterfall" approach for fixed income.

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December 1, 2003

More Access to Global Marts

By Staff Reports

A subsidiary of Cantor Fitzgerald, is offering a new order routing system for the institutional equities market.

eSpeed Equities, which is designed to provide an intelligent order-routing and execution platform, will offer equity market participants with multiple points of entry. It will also provide simultaneous electronic access to the world's largest exchanges, market makers and ECNs, according to company officials.

The firm noted that the new product also includes a proprietary millisecond trade and order routing tool developed by eSpeed. It is designed to find hidden liquidity reserves and unpublished quotes for price improvements on trades.

The eSpeed Equities platform is now available to equity market participants around the world, the company said. Howard Lutnick, CEO of eSpeed, added that the company's advanced technology gives it a competitive edge. -