David Drake
Traders Magazine Online News

Why Bitcoin Continues to Rule the Crypto Market Despite its High Volatility

So, how does the highest profile cryptocurrency manage to stay on top of the market despite threats from regulators, hackers and even market pundits.

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November 8, 2005

Don't Call Them Soft' Anymore

By Peter Chapman

Soft is out. The chief regulatory bodies in the U.S. and the U.K. have decided to stop

using the terms "soft dollars" and "soft commissions," respectively. In the U.S., the Securities and Exchange Commission will now use the term "client commission arrangements" to describe the use of commissions to pay for research services. That's according to Larry Bergman, a senior associate director at the SEC, who was speaking at a recent industry conference. In the U.K., the Financial Services Authority intends to "remove the phrase soft commissions' from our regulatory lexicon," said Christina Sinclair, an FSA exec, at the same conference. "Commissions can be used to pay for research and execution," she said. "It's as simple as that."