Commentary

Elaine Wah

Modern Markets, Modern Metrics - A Blog By IEX

In this blog by IEX's Elaine Wah, the newest public exchange looks to refute public claims that the metrics it uses are designed to inflate its own volume numbers and mislead people.

Traders Poll

Do you think it's a good idea to conduct an access fee pilot to assess the pricing models used by many trading venues?

Yes

67%

No

0%

Should have had a pilot program a long time ago.

33%

Free Site Registration

April 30, 2004

A Step Into the NYSE's Future

By Gregory Bresiger

The Big Board, much maligned by competitors because it can take a reported eternity up to some 30 seconds to execute some orders, says its software will now give traders faster executions. The Big Board also says traders will have greater control because the exchange expects to expand its NYSE Direct+, which is an automatic execution service used by NYSE traders along with e-Broker handheld devices. The software expansion plan is awaiting Securities and Exchange Commission approval.

The new software could allow traders to be more flexible, putting them in a position to work orders more efficiently, pros say. The expansion would also mean that brokers and traders would be able to react more quickly to order changes and market developments, NYSE officials hope.