Don Ross
Traders Magazine Online News

Spotify Puts Wall Street’s Old Ways on the Spot

In an exclusive to Traders Magazine, Don Ross, CEO of PDQ/CODA Markets, shares his thoughts on the upcoming Spotify IPO.

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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.