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.

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Should have had a pilot program a long time ago.

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September 30, 2004

Building Up Trading Services

By Staff Reports

Piper Jaffray says it will have more algorithm execution capabilities with the purchase of broker dealer Vie Securities.

The Minneapolis-based firm says the purchase will also allow it to offer its institutional clients more products.

The acquisition includes proprietary algorithms, direct market access systems and licensed trading technology. The electronic trade execution service will be operated independent of Piper's traditional market making activities. Vie clients will still receive service under the Vie name until the transaction closes sometime before the end of the year.