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?

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Should have had a pilot program a long time ago.

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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."