Commentary

Tim Quast
Traders Magazine Online News

We're All HFTs Now

In this guest commentary, author Tim Quast looks back at the history of HFT and how the market has evolved to where many firms now fit the definition of high-frequency trader.

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April 21, 2005

The Trade-Through In Electronic Markets

By Gregory Bresiger

It "does not make sense" to extend the trade-through rule to electronic markets, a key congressional leader says.

Rep. Mike Oxley (R-Ohio), the chairman of the House Financial Services Committee, said that, "I can think of no compelling reason to extend the rule, with its associated and quite significant compliance costs to the vibrant Nasdaq marketplace." Oxley's comments came at a recent Congressional hearing on Reg NMS.