Commentary

John D'Antona Jr.
Traders Magazine Online News

The End of an Era?

Has the day of the high-frequency trader and his hyper fast strategies seen its last days? Or will he evolve into something else and live to trade another day?

Traders Poll

Are you in favor of a pilot program and examination of the rebate system by the SEC?




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November 1, 2004

Hard Dollars Are A Smoking Gun

By Editorial Staff

Buyside firms that replace soft dollars with hard dollars for research should keep a close watch on the tab. Regulators could start asking questions if the cash costs for the same research are suddenly lower, according to one expert. It may raise suspicions that the previous soft-dollar arrangements were unethical, according to James Hartman, who runs the asset management practice at Ernst & Young in New York.