Commentary

Steve Grob
Traders Magazine Online News

The Periodic Table

Fidessa's Steve Grob has written a response to Marcus Ferber writing to ESMA condemning periodic auctions. The blog strongly criticizes Ferber's approach, and looks at the problems behind the "lit is good and dark is bad" attitude.

Traders Poll

Do you think that NY AG Schneiderman's probe into crypto exchanges will curtail growth and trading?



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July 31, 2004

NASD Talks to New Dealer Market

By Gregory Bresiger

The United States Capital Markets (USCM), a group embarked on building a new OTC dealer marker, has effectively given up on acquiring the OTC Bulletin Board. However, it says it hopes to launch an alternative dealer market as early as this year.

"It seems unlikely the Bulletin Board will be sold to us," USCM leader Arthur Pacecho concedes to Traders Magazine. He said his group is now talking with the NASD about the USCM putting together a dealer market. Pacheco did not elaborate. Nancy Condon, a spokeswoman for the NASD, says it has been approach by the USCM but "we are not in discussions."