Commentary

Ronald Jordan
Traders Magazine Online News

Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

Free Site Registration

March 23, 2005

Remote Options Market Making

By Staff Reports

The Philadelphia Stock Exchange is aggressively trying to push ahead by offering remote market making for options through its PHLX XL platform. The expansion of the PHLX XL - which began in 2003 and continued last year with streaming quotes for on-floor players - is an attempt to offer electronic options access at a low price.

PHLX XL officials said traders will be able to make markets without a physical presence on the floor of the exchange. This will help both upstairs firms and liquidity providers, according to Meyer "Sandy" Frucher, Chairman and CEO of the Philadelphia Stock Exchange. "We have seen substantial improvement in our performance measures - size displayed and NBBO - since we rolled out the first phase of streaming quotes last summer, without so much as a hiccup in our systems," he added.