Free Site Registration

Market Data Proposal: Brings Out the Critics Is it More Tricky Than The Trade-Through Plan?

Traders Magazine, May 2004

Nina Mehta

One part of the SEC's Regulation NMS proposals often takes a back seat when the debate is about trade-through reform. But don't be fooled: The market data component is as far-reaching and controversial as the widely-reported trade-through recommendations. "This SEC proposal is simply attacking the wrong side of the problem by trying to figure out how to divvy up the pie of market-data revenues," says Lawrence Leibowitz, co-head and executive vice president of Schwab Soundview Capital Markets, the institutional research and trading arm of the Charles Schwab Corp. "The problem is that the pie is too large."

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?