Deja vu Once More
Traders Magazine, March 2007
You could almost see it coming. During a heated discussion on market structure at a meeting at the New York Stock Exchange, one committee member reportedly uttered this one-liner: "What we need is a central place for liquidity...a place where we can all meet and trade." The comment-tongue in cheek-came during a discussion on dark pools, or undisplayed liquidity in networks. As true as that statement is, there's no turning back the clock to the halcyon days of 6-cents-a-share trades and thick steaks at Delmonico's. And that's not a bad thing. But it would be nice if traders knew where to go to access liquidity.
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