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.

Traders Poll

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%

Free Site Registration

March 23, 2005

NYSE Execs Wants Payments' Banned

By Gregory Bresiger

Payment for order flow should be ended, Robert Britz, president and co-chief operating officer of the NYSE, wrote in a footnote to his recent Congressional testimony. "Such payments interfere with the ability of retail orders to interact with each other and obtain the best execution price," he wrote. "In payment for order flow arrangements, individual investors rarely get the opportunity for an execution at the midpoint of the spread or better."