Commentary

Traders Magazine Online News

Spoofing, Surveillance and Supervision

Jay Biondo, Product Manager - Surveillance at Trading Technologies, co-authored an article along with James Lundy and Nicholas Wendland, both of Drinker Biddle & Reath LLP, reviewing the CFTC's regulations and expanding efforts, 21st century surveillance and supervision, as well as strategic recommendations.

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Is the adoption of electronic trading in fixed income on par of that in the FX sector?




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June 20, 2005

NASD Gadfly Appeals to SEC

By Gregory Bresiger

The NYSE and the NASD should no longer be allowed to restrict access to arbitration award records, an attorney suing the NASD asks in a request for rulemaking filed with the SEC.

"I want these records to be easily available to everyone," Daniel Solin, an attorney in Pittsfield, Mass., told Traders Magazine. He says NASD and the Big Board are limiting access to the awards to those who are part of the arbitrations. However, an NASD spokesman says all awards "are available to anyone free of charge."

The spokesman added that Solin wants "unrestricted access" for the purpose of his own commercial product. Solin says he wants the records, in part, for a law review article. However he argues that it is in the public interest that these records be widely disseminated to everyone.