Nasdaq Favors An Auto Floor
Traders Magazine, July 2004
Floor-based market models must automate and "migrate" to the Nasdaq model. That's what Nasdaq's general counsel has told the SEC while generally lauding efforts to change the trade-through rule by adding an opt-out provision. "Electronic trading is best for investors. Importantly, this truth is implicit in the SEC's proposal," according to Edward Knight, Nasdaq's general counsel. The Reg NMS package of reforms is much needed, he added.
All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.