Commentary

Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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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.