Commentary

Jared Dillian
Traders Magazine Online News

Was it Worth It?

In this piece from 10th Man, author Jared Dillian discusses how the ETF revolution is less about ETFs and more about indexing; about how people have come to view stocks less as stocks and more as blobs of stocks.

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Would you feel better if the Chicago Stock Exchange were purchased by U.S. firm or consortium rather than a foreign one?

Yes

73%

No

4%

Doesn't matter to me

23%

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January 1, 2005

Another Round for Reg NMS

By Gregory Bresiger

The Reg NMS proposals were put on hold by the Securities and Exchange Commission for at least another month, providing more time for comments.

"When we first went out for comment on proposed Regulation NMS, I said that I considered that Round 1," said Commissioner Cynthia Glassman. "I consider today's reproposal of Reg NMS as Round 2 and we may even need Round 3."

The SEC recently was criticized for its trade-through plan. Chairman William Donaldson said it decided, "to go beyond our statutory obligations and give all interested parties as much exposure as possible to the direction of our thinking."