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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Do you think it's a good idea to conduct an access fee pilot to assess the pricing models used by many trading venues?

Yes

67%

No

0%

Should have had a pilot program a long time ago.

33%

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December 1, 2004

An End to the Wine and Roses

By Staff Reports

A list of services considered off-limits in soft-dollar arrangements has been spelled out by the Financial Services Authority in the U.K. as part of a supplementary policy statement. The list includes travel, accommodation or entertainment costs; most custody services; subscriptions for publications; dedicated telephone lines and services related to the valuation or performance measurement of portfolios. Some execution costs can be covered by soft dollars, the FSA said. But they must be "demonstrably linked to the arranging and conclusion of a specific transaction; and arise between the point at which the fund manager makes an investment decision and the point at which the transaction is concluded."