Commentary

Momtchil Pojarliev
Traders Magazine Online News

Some Like It Hedged

BNP Asset Management's Pojarliev discusses a variety of options to address foreign currency exposures. Although there is no single best-practice solution for addressing foreign currency exposures, institutional investors have three main choices, he says.

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Amid changes in builder, do you think the CAT project will be completed by 2020?




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May 26, 2005

Is it Good News for Nasdaq?

By Gregory Bresiger

The Reg NMS trade-through rule extension was a "non-event." It may help electronic trading firms that are interested in obtaining more Big Board listed business. That's what several trading executives privately told Traders Magazine.

The trading executives, conceding that the ideal would have been the abolition of the rule, said the next best result was applying the rule to all markets. Joe Gawronski, chief operating officer for New York Stock Exchange floor broker Rosenblatt Securities, said the controversial decision was moot for electronic competitors of the NYSE. That's because they already have smart order routing. And he adds that the NYSE, in the course of defending the rule, was forced to commit to a hybrid system. That model will give electronic players a better chance to compete. The Big Board, however, dramatically undercut potential competition when it announced its merger with Archipelago Holdings.