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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Are you in favor of a pilot program and examination of the rebate system by the SEC?




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January 1, 2004

The Next NYSE Liquidity Plan

By Gregory Bresiger

The New York Stock Exchange is seeking Securities and Exchange Commission approval on a plan that could bring much needed vitality to its LiquidityQuote. The exchange wants to make stocks in the S&P 100 and the financial sector components of the S&P eligible for participation in this institutional product. At the same time, the NYSE wants to commence a six-month pilot program under which a LiquidityQuote published for at least 15 seconds could be accessed by an InstitutionalXpress order - without specialist or crowd intervention.