Commentary

Jared Dillian
Traders Magazine Online News

The Liquidity Problem

Maudlin Economics Jared Dillian examines stock market liquidity.

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June 30, 2004

Pacific Exchange Demutualization

The marathon demutualization of the Pacific Exchange (PCX) is finally completed. It took some five years with the recent approval of the California Department of Corporations concluding the last part of the review. PCX officials have said the demutalization structure makes sense because it will give them more flexibility. More importantly, the new structure will likely mean the PCX can raise more capital.