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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June 20, 2005

Nasdaq Application on the Way This Year

By Gregory Bresiger

Nasdaq's much delayed exchange application, now over four years old, will come before the Securities and Exchange Commission members sometime this year.

"I feel sure that we'll make it in less than five years," said Commissioner Cynthia Glassman. She addressed the recent STA Congressional Conference. Annette Narazeth, director of the SEC's Division of Market Regulation, said the application will come before the commissioners "this year."