Commentary

Derek Edward Schloss
Traders Magazine Online News

What the !@#$ is a Security Token?

In this first part of a series, Mr. Schloss will begin to explain what a security token is by explaining how the building blocks of securities law are fundamental to understanding the tremendous value security tokens will one day unlock.

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February 2007 Edition

Featured Articles

Another Summit to Climb

By Peter Chapman

Letter from the Editor

Making My Day

Every now and then, an editor receives positive feedback from a reader that makes his day. Last month I received an unsolicited phone call from the head of a major trading desk. He called to congratulate our staff on our story on commission sharing arrangements (CSAs). The cover story ran in December. It so happened that CSAs made up a large portion of one of his firm's morning meetings, and senior executives quoted several passages from our article, he said. He then asked if he could get an electronic copy, so he could distribute it internally and to select institutional clients. It was already on our Web site, so I was happy to oblige and sent him the link. I passed on the good word to the story's authors: staffers Gregory Bresiger and Peter Chapman, as well as freelancer Hillary Jackson.

Buyside Snapshot

Trading Between the Lines

By Michael Scotti

Exchanges and ECNs

On the Move

On the Move

By Editorial Staff

Options Observer

News