Commentary

Elaine Wah

Modern Markets, Modern Metrics - A Blog By IEX

In this blog by IEX's Elaine Wah, the newest public exchange looks to refute public claims that the metrics it uses are designed to inflate its own volume numbers and mislead people.

Traders Poll

Do you think it's a good idea to conduct an access fee pilot to assess the pricing models used by many trading venues?

Yes

67%

No

0%

Should have had a pilot program a long time ago.

33%

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July 27, 2005

Donaldson Defends Record

By Gregory Bresiger

(Traders Magazine, July 2005) -- Reg NMS, probably the most controversial regulatory decision of recent years, was vigorously defended by William Donaldson, who just departed as chairman of the SEC. "Although the substance of the final rules was not welcomed with open arms, " Donaldson said. "I believe there was a great deal of consensus that the Commission needed to act with a degree of certainty and finality so that market participants could make strategic plans with the firm plan of how their regulatory landscape would be structured." Donaldson cast the deciding vote in the protracted battle over Reg NMS.