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

In his first public speech, SEC Chair Jay Clayton deviated from his prepared remarks and offered his own "off the cuff" comments on market issues. Do you like this change of pace?




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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.