Free Site Registration

Big Guns Implore SEC on Best Price'

Traders Magazine, January 2005

Gregory Bresiger

The SEC should not go ahead with a proposal to expand the "best price" rule, according to officials of several electronic firms who were attending a recent American Enterprise Institute (AEI) conference. Among those at the conference were officials of Instinet, Nasdaq, White Cap Trading and Archipelago. "We are philosophically opposed to the continuance of the trade-through rule," Jamie Selway, chairman of White Cap Trading, told Traders Magazine.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?