Commentary

Eric Stockland
Traders Magazine Online News

Incentivizing a Better Market

In this blog from IEX, the exchange announces a first-of-its-kind fee that is designed to improve all trading, including the experience of displayed orders - the Signal Fee.

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June 30, 2004

Lifting Short-Sale Restrictions

Short sale restrictions reform could eventually be in place - permanently.

The Securities and Exchange Commission, deliberating on reforming the rules of short selling, has agreed to implement a pilot project. This will waive short-sale curbs for 1,000 Russell 3000 stocks.

One pro thinks the exemption could easily become permanent. "We already have this exemption in part because Nasdaq market makers are exempt today," said Jamie Selway, managing director of New York-based Whitecap Trading. He noted that Archipelago had been operating without a bid test "and everything worked just fine." Selway is a former economist at Archipelago.